Hourly chart analysis # Bypass Bollinger Bands from the top. # Moving average 86. # There are strong candle tails from below. # Targets are: - 0.61 febonacci = 1907. -0.78 Fibonacci = 1911. ### The analysis fails completely if it breaks 1897
### New update due to failed buy and switch to sell. # Bollinger behavior down. # Movemong break 20. # Movemong break 86. # Below a downtrend (red). #### Waiting for a blue uptrend to be broken, then the 1895 level. Then the targets are: --1889 --1882 --1873 --1863 (a difficult goal). #### Analysis fails if the red trend crosses to the top
# Analysis of the four-hour chart. # Crossing the moving average 86 # A price channel has been crossed at 1.6474, the target is 1.9115 - 2.1081. # A head and shoulders pattern is forming, waiting to cross the neckline to target 2.2409. ----------- = Analysis fails if 1.6065 is broken. = The #area 1.7600--1.7923 is a difficult and dangerous area =#new update
=We have two buying targets: # barallel channel override. # Head and shoulders, we wait for the neckline to cross. # It all fails if it breaks 1.6065
= Skip the price channel to the top. = Crossing the neckline of the bottom pattern.
= Inside an upward price channel on 1D. = The highest uptrend at 4h. = Exceeding a downtrend over 1h. = The general trend is up. = The secondary trend is also up. = The rise will fail if it breaks 313.52. -------- Personal opinion = strong buy.
* Inside a rising price channel at 4h. * Breaking an uptrend on 1h. * Form double bottom at 1h. * The general trend is up, and the secondary trend is bearish. -------- = Scenario 1 .... which is the strongest: - Breaking the neckline of 1.2169, going to 1.2141, and then rising to 1.2236. = Scenario 2 ..... and it is weak: Exceeding 1.2191 and going to 1.2293.
= Analysis on the 4-hour chart, without explanation or comment
= Without explanation, the drawing is very clear. = Exceeding the area specified in the drawing is considered a strong climb