Decentraland Analysis [November 14, 2021]
Mis à jour
AB=CD pattern, Fibonacci retracement tool were greatly implemented in analyzing this one (1) day candlestick timeframe (TF) chart.
The picture explains it all.
AB = CD pattern & FIB are saying take profit around $6.6 zone.
At carefully observing the price action, an almost concluded symmetric triangle and a bullish flag pattern can be seen in formation.
Feel free to comment.
Kindly note this is not a financial advice. As we know, the cryptoverse is a highly volatile world. Do your due diligence.
The picture explains it all.
AB = CD pattern & FIB are saying take profit around $6.6 zone.
At carefully observing the price action, an almost concluded symmetric triangle and a bullish flag pattern can be seen in formation.
Feel free to comment.
Kindly note this is not a financial advice. As we know, the cryptoverse is a highly volatile world. Do your due diligence.
Commentaire
Beautiful movement as price action broke to the downside just after forming a bullish pennant, leading to the completion of the downside of the bullish flag. With present completion of the bullish upside, if the price breaks and close above it, well, it might just be a home run. Only price action will tell...Kindly note this is not a financial advice. As we know, the cryptoverse is a highly volatile world. Do your due diligence.
Trade fermée: cible de profit atteinte
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.