once again you were right. so what we do now professor? we buy at 14.69 and sell at resistance 16.80 or we hold and we go long for new hights?
danialalkhateeb19
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@Jovannoti,
My transaction
Enter price 14.69
Stop Loss 13.80
Take profit 16.5
I prefer to take my profit at 16.5$ here strong resistance level, the price may bounce another time to green line, if the price will go to new hight that mean he broke a strong resistance level , maybe from there will be my next entry point.
Jovannoti
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@danialalkhateeb19, thanks for your reply. If it returns to 16.5 and then falls means that it makes a pull back at the neckline of the H&S pattern with head at 25.27 neckline(broken) at 16.50 which opens the way down to 7.73 $ (triple bottom). However if it does this pullback an inverse H & S might be taken place opening the way to 18 $ range, what you think?
danialalkhateeb19
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@Jovannoti,
To be honest i don't use the classical patterns in decision making or to determine the entry point.
at 14.67$-14.42$ we have a very STRONG support level , the trend moving up but the price maybe faced two or three strong resistance levels to get the target ( 30$ )
the resistance level may stoped the price there at 16.5$ , 18.65$ , 20.87$ .
@Crypto_Salsa, Hi
Thank you for your attention .
its still assumption , but i always try to draw strong Support/Resistance level .
here in this case , the price faced a very strong resistance level he should go down to green one.