First of all, pay attention to the time frame.
A strong support zone has formed on the chart (shown in green). Every time the price returns to this area, it will be rejected to the upside.
From where we placed the green arrow on the chart, the price has entered a bullish wave.
The previous correction was nearly 900 days. This bullish wave is also expected to have a period above 500 days.
After the completion of the previous correction, the price seems to have entered a diametric.
We now appear to be at the end of wave D of this bullish diametric.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
A strong support zone has formed on the chart (shown in green). Every time the price returns to this area, it will be rejected to the upside.
From where we placed the green arrow on the chart, the price has entered a bullish wave.
The previous correction was nearly 900 days. This bullish wave is also expected to have a period above 500 days.
After the completion of the previous correction, the price seems to have entered a diametric.
We now appear to be at the end of wave D of this bullish diametric.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
