Previously COMP broke out from this long contracting triangle that appears to be accumulation, but as BTC collapsed COMP also collapsed back to the potential accumulative area.
That "Cause" (Wyckoff) should have built up pressure which without a real breakout - the "Effect" has not yet been realised.
But now BTC is low relative to its trading range and if it drifts back up then good chance COMP breaks out here and it could be an explosive Effect after such a long sideways passage.
Also RSI showing hidden bullish divergence on the 4H RSI.
Target is a 1:1 ABC @$614
SL - $303 below recent low = 19R.
SL - $293 below wick = 10R.
Not advice.
That "Cause" (Wyckoff) should have built up pressure which without a real breakout - the "Effect" has not yet been realised.
But now BTC is low relative to its trading range and if it drifts back up then good chance COMP breaks out here and it could be an explosive Effect after such a long sideways passage.
Also RSI showing hidden bullish divergence on the 4H RSI.
Target is a 1:1 ABC @$614
SL - $303 below recent low = 19R.
SL - $293 below wick = 10R.
Not advice.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。