Alikze »» NOT | Descending channel

28 sie

🔍 Technical analysis: Descending channel

- It is moving in a descending channel in short-term time frames of 12H.

- Currently, it is in the middle of the channel, which is suffering in the liquidity area.

- If the current zone is broken, the correction can continue until the bottom zone of the descending channel, the range of 0.0061.

- In addition, if the bottom of the channel is broken, the next support zone can touch the 0.00458 range, which is the demand zone.

💎 Alternative scenario: If the liquidity zone is maintained in the middle of the channel, the first target can touch the ceiling of the channel.
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NOTUSDT

4 wrz

Uwaga

According to the predicted behavioral scenario, after the lack of demand in the liquidity area and its failure, with a pullback to the structure, it continues the downward path for the first target. So far, it has experienced more than 22% correction.

22 lis

Zlecenie aktywne

The weekly time frame has corrected to the first level range. Which has filled the FVG gap. The price has not reached the second level, which was an OB, because it has completed a downward cycle to the FVG gap. According to the momentum, if the previous low is not touched and in the current range according to the reversal candle, the candle will also have confirmation, it will touch the previous high in the first step.