LOOK TO BUY INTO PAAL
PAAL/USD 1W - As you all know I do not tend to trade crypto very much with me being a forex trader but I know that some of you trade and invest in crypto.
I have gone ahead and looked over this pair and can see that price has recently traded us down and into an area of Demand, we are now seeing price trade us higher after penetrating this area which is great.
I would love to see price continue to trade us higher now, in order for us to have further confirmation of bullishness we want to see a fractal break to the upside this suggesting that the bearish move trading us lower has finished and the new leg higher is ready.
A potential trade that could have been placed on this market may have looked something like the above, there is still time to buy into this its just important you seek confirmation yourself to buy.
I have gone ahead and looked over this pair and can see that price has recently traded us down and into an area of Demand, we are now seeing price trade us higher after penetrating this area which is great.
I would love to see price continue to trade us higher now, in order for us to have further confirmation of bullishness we want to see a fractal break to the upside this suggesting that the bearish move trading us lower has finished and the new leg higher is ready.
A potential trade that could have been placed on this market may have looked something like the above, there is still time to buy into this its just important you seek confirmation yourself to buy.
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.