On the 1H chart the price has formed an ascending channel with the clear ascending support. Firstly you can interpret this pattern as a triangle with the flat top, which is a bullish one, but.
We remember the GAP at $8700 and remember that we must close it. So, it would be quite logical to draw a bullish pattern to trigger more people to open LONG with the tight stop loss below the triangle’s level.
Globally market is still very bullish, but locally bearish and want to re-test the $8700 support. SHORT is a little risky deal for such market, so I advice to open LONG after a successful test of the $8700 support. Targets are $9500, $10000, $10500 :)
We remember the GAP at $8700 and remember that we must close it. So, it would be quite logical to draw a bullish pattern to trigger more people to open LONG with the tight stop loss below the triangle’s level.
Globally market is still very bullish, but locally bearish and want to re-test the $8700 support. SHORT is a little risky deal for such market, so I advice to open LONG after a successful test of the $8700 support. Targets are $9500, $10000, $10500 :)
Work in the team of Crypto Klondike.
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Join Bybit with us:
goo-gl.su/ibF9Y
Twitter:
twitter.com/Robert_Klondike
Email:
ekstraruto@gmail.com
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Join Bybit with us:
goo-gl.su/ibF9Y
Twitter:
twitter.com/Robert_Klondike
Email:
ekstraruto@gmail.com