While the price is above the support 553.100, resumption of uptrend is expected.
We make sure when the resistance at 965.400 breaks.
If the support at 553.100 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Trading suggestion: Price is in the Buy Zone (799.300 to 738.500), we would set orders based on Daily-Trading-Opportunities(Price Action) and expect to reach short-term targets.
Beginning of entry zone (799.300)
Ending of entry zone (738.500)
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: https://Phttps://www.tradingview.com/chart/BTCUSD/leq2AhaQ-Price-Action-Lesson-5-Weak-Hammer-Example/
Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
I think it will go down much more than what you say and I'm not so sure that it goes up.
ForecastCity
⋅
@Dankofx, Currently the range is between 965.40 and 553.10 (green lines).
While the price is above the support 553.100, resumption of uptrend is expected.
We make sure when the resistance at 965.400 breaks.
If the support at 553.100 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Cryptodaulphin
⋅
followed your advise and for now ! we will see where it will lead