Hey guys!
Here comes the end of June. The price is hovering below the main downtrend line. However, its a good possibility that it's forming a Bull Flag, while moving in descending channel after recent pump of the price from 200 to 250.
As noted in the previous idea, the price perfectly retraced from the downtrend line and now formed a channel right below it.
Also, the Phoenix indicator by David shows the same possibilities to form a perfect bull flag (1d and 12d moves), so the possible breakout of the flag should happen by the end of July.
Big thanks for amazing indicators ;)
Need to pay close attention to our main supper area at 220-205, if that one is broken, the flag will be invalidated and we will see further down, but personally I doubt that.
____
Not financial advice. Don't forget to manage your risk.
NEGAN :)
Here comes the end of June. The price is hovering below the main downtrend line. However, its a good possibility that it's forming a Bull Flag, while moving in descending channel after recent pump of the price from 200 to 250.
As noted in the previous idea, the price perfectly retraced from the downtrend line and now formed a channel right below it.
Also, the Phoenix indicator by David shows the same possibilities to form a perfect bull flag (1d and 12d moves), so the possible breakout of the flag should happen by the end of July.
Big thanks for amazing indicators ;)
Need to pay close attention to our main supper area at 220-205, if that one is broken, the flag will be invalidated and we will see further down, but personally I doubt that.
____
Not financial advice. Don't forget to manage your risk.
NEGAN :)
