Price has been in a descending channel for a few days, however we have had the break out, and retest of the structure.
Naturally price will continue to appreciate from this level, however due to recent bearish pressure I'm uncertain about the strength and volume in ONE currently.
Ill be waiting for price to break, close, reject and reverse from the red zone before looking for an entry, from where Ill look to take some profits at the 50% level.
Naturally price will continue to appreciate from this level, however due to recent bearish pressure I'm uncertain about the strength and volume in ONE currently.
Ill be waiting for price to break, close, reject and reverse from the red zone before looking for an entry, from where Ill look to take some profits at the 50% level.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
