This analysis is based on weekly timeframes and is based on chart movements in weekly timeframes.
The first thing that is seen; HL is the LH that indicates the triangle pattern and an ascending major channel is formed from the beginning of the process.
When we look at the daily timeframe, we see that the triangle has failed and is well supported in the pullback. Therefore, it seems that a new uptrend is waiting for this currency.
Note this analysis because based on high time frame, market fluctuations and bitcoin can violate the analysis.
I saw a good opportunity to enter this currency and I will share it with you:
ENTRY 0.13028
TP 1 0.15762
TP 2 0.20372
TP 3 0.28
TP 4 0.40392
SL 0.07738 (-50%)
RR (TP4) 5.18
Be careful if the triangle and the channel are broken from the bottom, be sure to exit at the pullback.
The first thing that is seen; HL is the LH that indicates the triangle pattern and an ascending major channel is formed from the beginning of the process.
When we look at the daily timeframe, we see that the triangle has failed and is well supported in the pullback. Therefore, it seems that a new uptrend is waiting for this currency.
Note this analysis because based on high time frame, market fluctuations and bitcoin can violate the analysis.
I saw a good opportunity to enter this currency and I will share it with you:
ENTRY 0.13028
TP 1 0.15762
TP 2 0.20372
TP 3 0.28
TP 4 0.40392
SL 0.07738 (-50%)
RR (TP4) 5.18
Be careful if the triangle and the channel are broken from the bottom, be sure to exit at the pullback.