we are in a triangle adjustment in the downtrend, though 2MA has no sign of a golden cross right now. The market has gone to the end of the triangle and the selling pressure was quite high from the volume chart. Wait and see if the price broke the upper line then it'll probably head above $240. Instead, our next support would be $150 which is a disaster.
The altcoins do move together...
Here we have the same chart as the COMPUSDT pair we looked at recently.
We have higher low after late February and today a strong breakout support by volume.
There can be additional growth.
An uptrend line is a straight line drawn upward to the right that connects 2 or more low points. The second low must be higher than the first for the line to have an upward incline. Uptrend lines act as support and indicate that there is more demand than supply, even as the price rises.
entry after retest uptrend line.
A retest refers to prices reversing direction...
Following my previous successful short on bch, here is how we will use the same level to long.
⭐️ BTC bullish
⭐️ Mirror level is visible on daily timeframe
⭐️ Volume is at bottom
⭐️ Lots of touches
⭐️ Level is 46 days old
⭐️ 33 ATR
⭐️ Over VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get...
I think we should SHORT position, but because there is nothing predictable, therefore, we will wait for failure of up or down
For certain positions we can : At the top of resistance, make LONG position and Under support, make SHORT position