Hello everyone, i'm back from vacation with a quick update on | ScalpHUB
Hello everyone, i'm back from vacation with a quick update on the cryptocurrency market. We saw the lower levels as mentioned above and the market is not ready for a pullback -> going into a sideways movement.
In this case we see accumulation happening with a solid support at the $30.000 level and lower highs around the $35.000 level.
From a technical perspective, we might see a pennant forming on the daily chart, which basically means further accumulation followed by a trend continuation - in this case downwards. I will publish a chart and some ideas on how we can successfully trade this scenario.
Disclaimer: I am not a financial advisor. Everything I share in this channel is how i trade personally. This is a simplistic approach to educate you in using technical analysis on financial markets....