Price currently been trading at last point of support with sign of strength and testing liquidity zone. (pending breakout)
mSOS in phase C.
In this event that the upward move fails to break the structure and we see the bullish bars with a wide range give us change of character.
this indicate the presence of strong demand for quality.
Liquidity zone;
these are price turns; previous highs and lows. we know that in these zones there are always a lot of orders waiting to be executed and that is why they are very interesting zones to wait for the price to come in. in this case profit taking.
With no supply bar follow by price volume breakout near the liquidity zone, this indicate that price ready to move into another phase.
****
this pending breakout is very interesting.
key levels:
resistance 0.700.
all time high 0.700.
52WH 0.700.
new high after breakout target forecast $1 (56%)
mSOS in phase C.
In this event that the upward move fails to break the structure and we see the bullish bars with a wide range give us change of character.
this indicate the presence of strong demand for quality.
Liquidity zone;
these are price turns; previous highs and lows. we know that in these zones there are always a lot of orders waiting to be executed and that is why they are very interesting zones to wait for the price to come in. in this case profit taking.
With no supply bar follow by price volume breakout near the liquidity zone, this indicate that price ready to move into another phase.
****
this pending breakout is very interesting.
key levels:
resistance 0.700.
all time high 0.700.
52WH 0.700.
new high after breakout target forecast $1 (56%)