I welcome everyone!
W. The price updated liquidity from below last week and reached an imbalance.
As part of the ascending structure, I am considering a continuation of the decline to the levels in the discount zone ($28 297 -$24 800)
D. On the daily TF, there was a breakdown of the structure to a downward one with the price stopping in the imbalance zone. Within the descending wave, there are resistance zones, from which I consider sales with targets on the weekly TF.
Happy trading!
❗️Not a financial recommendation, before entering into a particular transaction, conduct an analysis of the asset yourself.
W. The price updated liquidity from below last week and reached an imbalance.
As part of the ascending structure, I am considering a continuation of the decline to the levels in the discount zone ($28 297 -$24 800)
D. On the daily TF, there was a breakdown of the structure to a downward one with the price stopping in the imbalance zone. Within the descending wave, there are resistance zones, from which I consider sales with targets on the weekly TF.
Happy trading!
❗️Not a financial recommendation, before entering into a particular transaction, conduct an analysis of the asset yourself.
I also expect a continued decline into the DM zone