What will February bring? So many areas and trends to focus on..
In order of most activity or strongest to weakest.
1) An active horizontal area of support and resistance since Jan 1 (white lines).
2) Downward and upward trend lines forming a wedge pattern
3) An upward trending channel we entered in the last week of January and are trying to re-enter.
Negative volume has subsided and it appears that we are more likely to trend up than down. However for now we are pointing to the downside.
I was delighted to see at least a couple of YT crypto channels following my same pattern I have here. So at least I know I'm on the right track. Happy charting and much continued success in February.
1) An active horizontal area of support and resistance since Jan 1 (white lines).
2) Downward and upward trend lines forming a wedge pattern
3) An upward trending channel we entered in the last week of January and are trying to re-enter.
Negative volume has subsided and it appears that we are more likely to trend up than down. However for now we are pointing to the downside.
I was delighted to see at least a couple of YT crypto channels following my same pattern I have here. So at least I know I'm on the right track. Happy charting and much continued success in February.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.