Good day, colleagues!
📊Weekly TF situation remains unchanged. The price continues corrective movement within the ascending wave.
Last week, the low of May was updated with price fixing higher. At the same time, IMB M was almost completely filled.
From below there is support in the form of 0.5 imb W and a block on the daily TF in the range of $23 896 - $24 670, which can become a target for further decline and an area for consideration of purchases.
🏳️Daily TF remains downward. Within the framework of the wave on junior timeframes, zones can be identified for searching for entry points into short positions.
🚩Locally I expect growth to $26,500 (not the exact price, other zones are possible) and upon confirmation I will consider short positions.
❗️Not a financial recommendation, before entering into a particular transaction, conduct an analysis of the asset yourself.
Have a great trading week everyone!
📊Weekly TF situation remains unchanged. The price continues corrective movement within the ascending wave.
Last week, the low of May was updated with price fixing higher. At the same time, IMB M was almost completely filled.
From below there is support in the form of 0.5 imb W and a block on the daily TF in the range of $23 896 - $24 670, which can become a target for further decline and an area for consideration of purchases.
🏳️Daily TF remains downward. Within the framework of the wave on junior timeframes, zones can be identified for searching for entry points into short positions.
🚩Locally I expect growth to $26,500 (not the exact price, other zones are possible) and upon confirmation I will consider short positions.
❗️Not a financial recommendation, before entering into a particular transaction, conduct an analysis of the asset yourself.
Have a great trading week everyone!
◻️The price completely blocked the imbalance for the month and updated the low of the last week. ff W was also blocked from above. The price remains in an upward structure with a corrective movement (0.5 fibo)
◻️The descending structure remains on the daily time frame. Below there is a zone that is still relevant for another possible decline.
✔️From this zone (when it is tested and a long pattern is formed), I suppose to consider purchases with the withdrawal of accumulated liquidity from above with targets of 30K+!
❕This scenario (with a decrease to $23,896 - $24,670) will not be relevant when the price fixes at $27,455
❗️Not a financial recommendation, before entering into a particular transaction, conduct an analysis of the asset yourself