Greetings,
After breaking through the triangle, price has corrected into the 40k support zone.
1D
We can still say that the uptrend is not broken, but I would say that going below 40K and consolidation will be the end of the local uptrend, and in this scenario we will see the break-up of the previous support levels of 37K and 34K.
In case of withdrawal from the area of 40 thousand and continuation of the uptrend in the channel, we might see the growth up to 52 thousand.
4H
In smaller timeframes the break-down of the downtrend and after the break-down volatility compression in the form of a triangle
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Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
After breaking through the triangle, price has corrected into the 40k support zone.
1D
We can still say that the uptrend is not broken, but I would say that going below 40K and consolidation will be the end of the local uptrend, and in this scenario we will see the break-up of the previous support levels of 37K and 34K.
In case of withdrawal from the area of 40 thousand and continuation of the uptrend in the channel, we might see the growth up to 52 thousand.
4H
In smaller timeframes the break-down of the downtrend and after the break-down volatility compression in the form of a triangle
If you liked this article, please like it and subscribe, so as not to miss anything.
Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
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