Follow up idea, see related ideas.
after the breakout from blue triangle, the 5400 local top could be projected as parallel channel (blue) from the local lows of the triangle.
So expect support at
- 5140 (red) resistance to support
- 5000 double bottom
- 4900 lower channel line
expect resistance at
- 5300 (purple trendline)
- 5400 double top
after the breakout from blue triangle, the 5400 local top could be projected as parallel channel (blue) from the local lows of the triangle.
So expect support at
- 5140 (red) resistance to support
- 5000 double bottom
- 4900 lower channel line
expect resistance at
- 5300 (purple trendline)
- 5400 double top
Comment:
daily chart. too many possible paths
Comment:
first resistance hit
Comment:
seems like resistance is broken, target 5400~
Comment:
huobi has a bit different chart
Trade closed: target reached:
completed :)
