Under the TAE framework (Trend, Area of Value,Entry) for entering a trade,we can see this chart meets the three requirements.
Let me explain. We can see the 200MA acting as support / base for the short term uptrend.That is the ''T'' part. Area of value is the white long line where resistance is 3.34$ ,that serves as ''A'' .
''E'' is for entry if you are trading on pattern ,we can see the last leg of the inverse head and shoulder has given us a clue for what is to come next.That would serve as our entry.
Goodluck riding this trade
Let me explain. We can see the 200MA acting as support / base for the short term uptrend.That is the ''T'' part. Area of value is the white long line where resistance is 3.34$ ,that serves as ''A'' .
''E'' is for entry if you are trading on pattern ,we can see the last leg of the inverse head and shoulder has given us a clue for what is to come next.That would serve as our entry.
Goodluck riding this trade
