Largo
ZCL- Accumulation points in preparation for Bitcoin Private fork
After a massive move up, price as formed a head and shoulders pattern + broke below the neckline.
Highlighted are 2 possible accumulation points if price reaches these points in the near future.
Point 1 :
Fibonacci cluster (1.618 inversion & 1.414 extension) + big resistance reaction to the left (follow green line) + previously formed structure support + possible arrival of 100 EMA into the zone.
Point 2 :
big resistance reaction to the left (follow orange line) + head and shoulders pattern target taking + area underneath 100EMA - which I believe will be overshot before price rejects back above and moves further up.
Trade with care.
Highlighted are 2 possible accumulation points if price reaches these points in the near future.
Point 1 :
Fibonacci cluster (1.618 inversion & 1.414 extension) + big resistance reaction to the left (follow green line) + previously formed structure support + possible arrival of 100 EMA into the zone.
Point 2 :
big resistance reaction to the left (follow orange line) + head and shoulders pattern target taking + area underneath 100EMA - which I believe will be overshot before price rejects back above and moves further up.
Trade with care.
Nota
Realised the feed doesnt go that far back..Nota
Very strong reaction off 100 EMANota
Nice head and shoulders patternNota
had issues breaking the necklineNota
Lost the charting for this idea so had to redo it.We have reached acc zone 2
Nota
seeing a decent amount of divergence on the RSI hereNota
Head and shoulders pattern has formed.A break above the neckline will be good
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.