We are at a 5000-5700 resistance level. This coincides with Weelky 50 MA (yellow) and the top band of Weekly 21 period BB with standard deviation 3.2. Also weekly RSI just closed at 60.
I believe this is a first sign of the upcoming bullrun, but looking back at the previous prica action at these conditions I think we need to retest the Weekly 200 MA (green) one more time.
Be advised, it could still pump to 5700. I would not short here, but rather buy the next big dip. If you are leveraged long though, this is a good place to take some profit.
Have a good one.
I believe this is a first sign of the upcoming bullrun, but looking back at the previous prica action at these conditions I think we need to retest the Weekly 200 MA (green) one more time.
Be advised, it could still pump to 5700. I would not short here, but rather buy the next big dip. If you are leveraged long though, this is a good place to take some profit.
Have a good one.
Not
We are finding resistance at the Weekly 50, I believe this is the point where we turn around, but a weekly close above would imply continuation upwards. I'm hedged 1x here.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.