This is a quick call based on idea of ISHS pattern identified within SYMMETRICAL TRIANGLE and as we can see we have RIGHT Shoulder in the making.
Based on the above idea, I spotted a closed range of price as our accumulation zone.
Accumulation zone should be used to ladder all our long trades and always remember to focus more on the stop loss zone.
Momentum indicator is showing a pottential bottom been hit which should give room for quick price rising. Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss according to your risk mitigation.
Level to watch for are: POSSIBLE ENTRY ZONE Possible Support LEVEL SELL TARGETS
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Thank you
Note: It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
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Currently on 1hour timeframe there was a falling wedge formation which price manage to break upside, we are having a re-test on the pattern let see if we bounce off it hugely.
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As Binance is preparing for US exit, BNB is taking serious hit and it conform with one of my analysis where I spotted Bullish BAT formation.
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This is a quick flash back on my last ETHUSD post, everything still looking very perfect for surprise pump, if this happen we all know its implication on BTC.
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tRADE LOOKING more good guys.
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We have immediate resistance on 10300$ and if price stay above this range will open the chance for our next target towards 10800$. Let keep close eyes on this.
I like it. I agree .. and I think, what might follow, if it breaks up as indicated here would be possibly this scenario:
(just possibility - too soon to judge)
Bitmex Bulls defending 10300!
We hit dead in the middle of monthly and weekly pivots and got rejected. (10333W and 10420M)
However, We are looking Bullish!
josestephens_
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@BossIndicators, great observation
TradingSafely
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@BossIndicators, long profit alert. Closed 50% of position at 10377 will reassess once more data comes in!
weslad
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@BossIndicators, fingers crossed to see how this will develop