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BARUSD

#BAR/USDT#BAR The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward. We have a trend to stabilize above the 100 moving average once again. We have a downtrend on the RSI indicator that supports the upward move by breaking it upward. We have a support area at the lower limit of the channel at 1.65, or a price rebound from it. This area acts as strong support from which the price can rebound. Entry price: 1.67 First target: 1.70 Second target: 1.57 Third target: 1.78
Long
by CryptoAnalystSignal
BARUSDTBARUSDT Thoughts On this altcoin, we often observed manipulative movements. Huge candles left behind shadows, after which there was a small consolidation and a strong fall. Now, there are fewer strong upward movements, which means that the main supply of the coin was bought out by one player. Volatility is on the decline, and any attempts from sellers to push through the support line end in a rebound. This is a great example of a Descending Triangle pattern being formed. At the moment, the price is in the middle of the triangle, waiting for the next impulse. ☑️ Global targets in case of penetration are indicated on the chart by blue lines: 5.95 - 7.61 - 9.40 ⛔️ In order to prevent losses in case of force majeure, we put a stop at the level of $3.81 But remember that everything can change at any time, you need to be flexible and monitor the market. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto