Market just broke a a downtrend and formed a bullish triangle pattern and broke it upwards and closed 3 candles above the pattern, now it is doing a retrace if after a retrace we get a candle closed above 26.60 zone that is our signal to entry
Entry: 26.60
Invalidation: 23.58
Both targets are at liquidity zones.
Target 1:33.58
Target 2: 41.30
Price Action analysis shows us that the price is under valued as compare to other cryptos so it can face some pomp in the near future as we are in the altcoin season currently when the big dominance holders loos their dominance
strong Buy suggestion
what do you think?
The price has formed a downward corrective channel. The RSI is at the oversold level, signalling the possible completion of the decline soon.
We believe that the price will test the 76.4% Fibonacci support level and also decline to the trend support line.
We recommend buying from key support levels.
