IDEX/BUSDT - cup with handle + inv head and shoulders
Hello everyone, analyzed the IDEX/BUSDT pair
The formation of a cup with a handle, as well as the possible formation of an inverted head and shoulders pattern.
It is worth noting that there is a small price gap on the 4 hour timeframe. Algorithms cover such areas. So I think the formation of an inverted head and shoulders is more than obvious.
To understand this, the price must consolidate below the resistance level for at least 1 day on the daily timeframe.
There is also a second option, it is a breakdown of the resistance level, and the price goes beyond these boundaries.
Target on the FIBO grid.
Stop loss - everyone chooses for himself, following his own trading system.
"This is just my opinion, trade with your trading system
Have a nice day and come back again."
Go to my free channel and chat with other traders. Link in the description
Write your opinion, whether there is a place to buy here, and open a long position
cup with handle + possible inverted "head and shoulders"
The formation of a cup with a handle, as well as the possible formation of an inverted head and shoulders pattern.
It is worth noting that there is a small price gap on the 4 hour timeframe. Algorithms cover such areas. So I think the formation of an inverted head and shoulders is more than obvious.
To understand this, the price must consolidate below the resistance level for at least 1 day on the daily timeframe.
There is also a second option, it is a breakdown of the resistance level, and the price goes beyond these boundaries.
Target on the FIBO grid.
Stop loss - everyone chooses for himself, following his own trading system.
"This is just my opinion, trade with your trading system
Have a nice day and come back again."
Go to my free channel and chat with other traders. Link in the description
Write your opinion, whether there is a place to buy here, and open a long position
cup with handle + possible inverted "head and shoulders"
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.