Price action is forming a classic rectangle (range), representing a consolidation phase after increased volatility. The market is compressing, building energy for the next impulsive move.
A key rule for this structure: the direction of the breakout defines the direction of the move.
Scenarios:
🔼 Bullish breakout:
– Break and acceptance above the upper range boundary
– Upside target: 🎯 $0.34
🔽 Bearish breakout:
– Break and acceptance below the lower range boundary
– Downside target: 🎯 $0.11
While price remains inside the rectangle, the market stays neutral. A confirmed breakout with volume is expected to trigger a strong directional move.
A key rule for this structure: the direction of the breakout defines the direction of the move.
Scenarios:
🔼 Bullish breakout:
– Break and acceptance above the upper range boundary
– Upside target: 🎯 $0.34
🔽 Bearish breakout:
– Break and acceptance below the lower range boundary
– Downside target: 🎯 $0.11
While price remains inside the rectangle, the market stays neutral. A confirmed breakout with volume is expected to trigger a strong directional move.
My telegram channel: t.me/blessing_cryptos
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
My telegram channel: t.me/blessing_cryptos
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.