In this idea, I describe the reasons for considering trading in one direction or another based on the following criteria:
Resistance level - reversal; There is energy accumulation before the level for a breakout; Prolonged accumulation in a sideways channel; Closing below the level (a good signal); Parabolic energy accumulation before the level; No reaction to a false breakout. It's no secret that the markets reacted in the past week to the bankruptcy of a bank, and the Federal Reserve System turned on the printing press once again. Against this backdrop, the markets began to grow, as they did during the COVID-19 pandemic. Don't forget that tomorrow there is news from the Federal Reserve regarding further interest rate changes, which could affect market reactions.
Given the reasons outlined above, I expect the coin to grow in the near future. I plan to buy on a breakout above the level of $1,800.00.
Target #1: $2,020.00 Target #2: $2,161.00 Target #3: $2,446.00 in the best-case scenario.
Despite all the targets, I will close the deal at any time if I am not satisfied with the market.
Be careful, the market is currently very unstable, so enter only at strong levels and with stop-loss orders!!!