it is based on 4HR chart Binance. Its 100% retracement of the previous uptrend, the latest candlestick suggests the rejection of further down trend. Price is expected to be bullish from here. 1R, 2R, 3R are level of profit expected to take.
Price rejected to go lower, i.e strong push up. entry at 1393 stop loss: 1232, 1R=1554, 2R=1715
price rejected to move higher, suggested by the long tail up. Key Support level 83
Price forms a bearish wedge which suggests the continuation of downward trend. It happens at the point of almost 100% correction so after that we can expect the end of bearish trend.
a channel pattern found. if price fail to reach the lower line, there is possibility of breaking out the upper line, which means bullish; otherwise, price continue bearish with these green support levels.
look like market is "catching its breath" before running off again the downtrend.
Look like it is forming a symmetrical triangle, representing a pause of the existing downtrend. Price touched the 76.4% Fib retracement. As the rule of symmetrical triangle, price will break out in the direct of prevailing downward trend at 2/3 of the horizontal width of the triangle with the highlighted support line.
It almost reaches the 100% retracement which I believe the maximum correction. The chart I’m looking at is 1day chart. The 22May candlestick with long legs at both side, covering all previous candlesticks, indicating the strong fighting with great volume between buying and selling. the candlestick completed with higher close (green candlestick), there is likely a...
I expect that GNT is going to finish the correction soon. Stoch RSI is at low level around 20 and could not break it three times + MA100 broke + golden 68% retracement reached. Time to buy and wait for profit.
Entering BCN at the flag zone and expect for the profit level at the two green lines
Enter BCN at the flag zone and enjoy target profit at the green lines