Hi Traders,
Continuing off from the this post, we have more of an understanding of the dynamics in the pairing.
The way I see it, there is 2 bullish scenarios and each has logic around it.
The third scenario is the bearish one, where we lose the support level and\or holding onto the structures outlined.
MY THOUGHTS:
For now, the daily indicators do show more downward pressure.
WT\Stochastic and Phoeix indicators, as highlighted as a fractal from a previous dip and bounce.
So its likely to drop more and hit the bottom of this long term trend line, in black which supported it once and\or the orange line.
All the best in trading,
S.SAri
PREVIOUS ETH POST.
Continuing off from the this post, we have more of an understanding of the dynamics in the pairing.
The way I see it, there is 2 bullish scenarios and each has logic around it.
The third scenario is the bearish one, where we lose the support level and\or holding onto the structures outlined.
MY THOUGHTS:
For now, the daily indicators do show more downward pressure.
WT\Stochastic and Phoeix indicators, as highlighted as a fractal from a previous dip and bounce.
So its likely to drop more and hit the bottom of this long term trend line, in black which supported it once and\or the orange line.
All the best in trading,
S.SAri
PREVIOUS ETH POST.
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
