Consolidation range - Signs of reversal
Sentiment is changing. Signs of reversal is now manifesting on all time frames:
1H-4H: Printed cup and handle with smoothed bottom. Now above neckline, 7,38xk. Target reached.
1D: Inverse head and shoulder. Target for neckline is 7,8k.
1W/1M: Looking to close out monthly with a bullish candle (high body, short upper wick)
6,7k-7,8k is a great range providing strong support. From bear market down to this area, which it now has printed horizontal consolidation rectangle for about a month, indicates strong bottom here.
Long term positive.
Not trading advice.
Short term target: 7,8k.
1H-4H: Printed cup and handle with smoothed bottom. Now above neckline, 7,38xk. Target reached.
1D: Inverse head and shoulder. Target for neckline is 7,8k.
1W/1M: Looking to close out monthly with a bullish candle (high body, short upper wick)
6,7k-7,8k is a great range providing strong support. From bear market down to this area, which it now has printed horizontal consolidation rectangle for about a month, indicates strong bottom here.
Long term positive.
Not trading advice.
Short term target: 7,8k.
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