Market seems bullish.
A retracement within the grey resistance zone might occur, towards 225, with entry opportunities.
Or entries over resistance zone seem safe and with a high Risk/Reward ratio.
2 candles (2 days) over the zone should confirm the trade.
RSI is heading north and +DI/-DI lines just crossed.
ADX heading towards range, so market could take a while to continue its growth.
Targets will be 275 - 300 - 320 and so on, using both Fibonacci Extensions from April rally and July swing.
I will trade based on patterns on the 1H, 2H, 4H charts.and Japanese Candlesticks.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
A retracement within the grey resistance zone might occur, towards 225, with entry opportunities.
Or entries over resistance zone seem safe and with a high Risk/Reward ratio.
2 candles (2 days) over the zone should confirm the trade.
RSI is heading north and +DI/-DI lines just crossed.
ADX heading towards range, so market could take a while to continue its growth.
Targets will be 275 - 300 - 320 and so on, using both Fibonacci Extensions from April rally and July swing.
I will trade based on patterns on the 1H, 2H, 4H charts.and Japanese Candlesticks.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
تعليق:
Market rejected last resistance level 259.9. Still bullish
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