Alikze »» SEI | Double top - 1D

10月26日

🔍 Technical analysis: Double top formation in the supply area

- It is moving in an ascending channel in the daily time frame.

- The upward corrective wave has been able to return up to 0.50% of the Fibo of the previous wave, which has faced selling pressure in the supply area with the formation of a twin ceiling.

- Currently, with the failure of the negative line and selling pressure, if the price cannot stabilize above the 0.3906 range, there is a continuation of the downward trend up to the block order range.

- If it encounters demand in the green box area, it can have a return to the blue box area.

💎 In addition, if the selling pressure is sharp, the probability of breaking the green box area for the target is 0. 1954 will exist.
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