- January 17, 2021
- Posted by: virtualxstore
- Category: trading
Blue = Monthly
Orange = Daily
Hello Traders and Analysts,
Based on what merit?
We have seen a nice impulse into the channel and a rejection upon reaching the zone of $29.00.
Good question, based on the fact – from a technical standpoint – the sell off back in February, March 2020 – reversed on a point within the market structure to the crisis of the reluctance for the demand of the . However, this produced a to hold from so we have a buying opportunity.
This imbalance was created in which created the impulse. Price re-established itself now between $22-27 zone for a further imbalance where price will now look to as a strong demand for price engineering if needed.
Looking for an entry?
Based on the orange trading consolidation.
Now we are in 2021, we can now look at buying opportunities.
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