Hello Everyone!
Here we have rectangle pattern with fake brake outs. Again, we have two opportunities for both long&Short positioning.
Please be sure, after breaking out pattern, we need more confirmation to take positioning whether up or down side.
Please note that the ideas are not a recommendation for trading
!Good Luck!
As you can see btc trying to make another descending triangle, and it also made a rectangle ...
So I recommend you to enter you short position below 8900 to 8600 and 8500, and if you see a confirmation above 9150, it will go up to 9500
But remember that, rsi shows downtrend and macd is lower than zero ... and also downtrend confirmed by volume ...
If you liked...
Market in range or gonna breakout the resistance? If breakout, wait for pullback n go for long! Be patient, *the profit u get or loss is not responsible to me*
Guys this is really interesting rsi is back, macd is loosing power(bearish side) it means we have a chance to feel 10k again, we have confirmation above 9650 (it was mid line of channel)
Lets look from another side
We have support of ma 10 and 50
We have a bullish triangle :)
It will go up (if Im right again ...)
But always remember
Trade with your own thoughts,...
The British pound has broken down from its horizontal trading range vs several major currencies - including the US dollar and euro.
Would suggest further downside
Though we are still in the weekly downtrend channel, the price could move in euro's favor now that it tries to bounce off from a rather strong support area. The chart clearly outlines our resistance lines due to lessening volatility in the market and feels somewhat predictable. Trading will most likely be influenced by MA lines (50/100) and harmonic patterns on...
