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BADGER/USDTPERP Potential Upward Movement

BADGER/USDTPERP Long-Term Trend: Bullish

Key Resistance Levels: 32.230, 34.050, 34.500

Key Support Levels: 25.425, 21.260. 21.050

Daily Chart:

The price on the higher time frame posted a double bottom which let it able to break the wedge formation to the upside. The trend direction is upward where it posted higher highs and lows. Recently, the coin left a correction count near the 25.425 USDT mark before a new impulsive wave to the upside.

BADGER/USDTPERP Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the price succeeded to break the bullish flag to the upside by posting a Wyckoff accumulation phase near the strong support around the 25.425 USDT. This led to a reversal and a move higher. A lower correction could be seen to the highlighted zone before a new upward movement toward the target profit.

Signal Idea:

Buy Limit Order @ 27.960

TP 1 @ 31.855

TP 2 @ 32.230

Stop Loss @ 26.935

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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