Price Action Patterns:
The price appears to have been forming a rounded bottom, signaling possible accumulation.
The recent price action has moved upwards towards a significant horizontal resistance at $3.65. This is the level to break for confirmation of a bullish breakout.
Waves:
The move resembles a Wave 1-2 pattern, with Wave 3 (impulsive wave) likely beginning above the breakout level.
Order Buy Stop
Entry Price: $3.70 (just above resistance for confirmation)
Take Profit (TP): $5.30 (first major resistance zone)
Stop Loss (SL): $3.20 (below recent swing low)
Confidence Level: 75%
The price appears to have been forming a rounded bottom, signaling possible accumulation.
The recent price action has moved upwards towards a significant horizontal resistance at $3.65. This is the level to break for confirmation of a bullish breakout.
Waves:
The move resembles a Wave 1-2 pattern, with Wave 3 (impulsive wave) likely beginning above the breakout level.
Order Buy Stop
Entry Price: $3.70 (just above resistance for confirmation)
Take Profit (TP): $5.30 (first major resistance zone)
Stop Loss (SL): $3.20 (below recent swing low)
Confidence Level: 75%
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.
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.