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As I told you in the previous analysis. There was a possibility and we must take it into account, however, the bullish side looked strong and so it was!
With a strong test within 9900, where we have now drawn another purple line representing a resistance structure created by multiple attempts to fall / break, then please pay attention to that line if we are moving upwards, as in my opinion It will be the one that will give us the big boost if things look good.
To go there and try to break it, we need to hold above 9400 (Above the support channel highlighted in blue) create candles in the 4H chart above that area, we will open the doors to 9800 in complete safety.
Cases:
As I told you in the previous analysis. There was a possibility and we must take it into account, however, the bullish side looked strong and so it was!
With a strong test within 9900, where we have now drawn another purple line representing a resistance structure created by multiple attempts to fall / break, then please pay attention to that line if we are moving upwards, as in my opinion It will be the one that will give us the big boost if things look good.
To go there and try to break it, we need to hold above 9400 (Above the support channel highlighted in blue) create candles in the 4H chart above that area, we will open the doors to 9800 in complete safety.
Cases:
1- We hold 9,400 and we try to break 9,800 in a failed way, which would leave us within a consolidation channel for some days between 9,400 and 10,000, resulting in the breakdown of one of the two zones (Being more aggressive if we break upwards , due to a CME GAP and in addition to scarce resistance zones) For now, we have a hidden bullish divergence in the 4H chart, it should be noted.Anyway, on a bullish level we still look good, so I recommend being bearish only in front of the confirmations said above, of course without hesitation for a second. 9375 looks good for trying to take a knife into the air, with a short stoploss. And so try our first option.
2- We do not hold 9400 and we end up within our blue zone, in a period of consolidation (between 9180 and 9400), a very good area for scalping, although we will most certainly test the parallel support line from months ago if we reached this blue zone (9000 if it passes in at least 5 days, 8700 if we get to leave the blue zone in the near future, 1-2 days)
3- The supports and trend lines cannot bear the downward pressure (Case to consider only if a break within 9180 has a large volume and the candles continue to close below this level) a point that I would take as a reference for deactivate my scalper mode and go for everything with the bears, it would be 8800, where all our lines of defense intercept, if the volume is clear and this area is bleeding, we must take objective # 1 8400 (EMA200) and 7700 as the second (Important support channel)
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Binance
#SNM/BTC All take-profit targets achieved ๐
Profit: 15.5203% ๐
Period: 20 Hours 4 Minutes โฐ
#SNM/BTC All take-profit targets achieved ๐
Profit: 15.5203% ๐
Period: 20 Hours 4 Minutes โฐ
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Binance Futures
#XTZ/USDT All take-profit targets achieved ๐
Profit: 195.3349% ๐
Period: 11 Hours 41 Minutes โฐ
#XTZ/USDT All take-profit targets achieved ๐
Profit: 195.3349% ๐
Period: 11 Hours 41 Minutes โฐ
โค1
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Binance Futures
#XLM/USDT Take-Profit target 2 โ
Profit: 74.6055% ๐
Period: 3 Hours 35 Minutes โฐ
#XLM/USDT Take-Profit target 2 โ
Profit: 74.6055% ๐
Period: 3 Hours 35 Minutes โฐ
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Binance Futures
#XLM/USDT Take-Profit target 3 โ
Profit: 124.7234% ๐
Period: 3 Hours 55 Minutes โฐ
#XLM/USDT Take-Profit target 3 โ
Profit: 124.7234% ๐
Period: 3 Hours 55 Minutes โฐ
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Binance Futures #XLM/USDT Take-Profit target 3 โ
Profit: 124.7234% ๐ Period: 3 Hours 55 Minutes โฐ
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Binance Futures
#XLM/USDT All take-profit targets achieved ๐
Profit: 165.919% ๐
Period: 3 Hours 58 Minutes โฐ
Binance Futures
#XLM/USDT All take-profit targets achieved ๐
Profit: 165.919% ๐
Period: 3 Hours 58 Minutes โฐ
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Perfect
Our TA its going right, little update.
We need to close above 9750 on the 4H chart for a bullish continuation and another test into 9970.
ATM, Hidden Bearish Divergence on the 4H and still below the level to watch. Imo, if we don't close above 9750 we will retest 9400 again.
Our TA its going right, little update.
We need to close above 9750 on the 4H chart for a bullish continuation and another test into 9970.
ATM, Hidden Bearish Divergence on the 4H and still below the level to watch. Imo, if we don't close above 9750 we will retest 9400 again.
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Binance
#ANKR/BTC Take-Profit target 3 โ
Profit: 16.6667% ๐
Period: 1 Days 20 Hours 15 Minutes โฐ
#ANKR/BTC Take-Profit target 3 โ
Profit: 16.6667% ๐
Period: 1 Days 20 Hours 15 Minutes โฐ
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Binance Futures
#QTUM/USDT Take-Profit target 2 โ
Profit: 110.0369% ๐
Period: 11 Hours 35 Minutes โฐ
#QTUM/USDT Take-Profit target 2 โ
Profit: 110.0369% ๐
Period: 11 Hours 35 Minutes โฐ
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