Hope Remains for Patient Bulls
We finally got that big move that’s been the hot topic for the last few weeks. Unfortunately for the bulls, it was a nasty drop. However, price action may be stabilizing near some key levels of support:
1. Selling pressure halted at 200-day MA
2. May be finding support near LTS-1 (long-term support 1)
Despite these two levels of potential support, we may still be trading in a descending channel (blue parallel lines), and if LTS-1 does not hold (along with the 200-day MA), we may see further weakness down to LTS-2. Remain vigilant.
1. Selling pressure halted at 200-day MA
2. May be finding support near LTS-1 (long-term support 1)
Despite these two levels of potential support, we may still be trading in a descending channel (blue parallel lines), and if LTS-1 does not hold (along with the 200-day MA), we may see further weakness down to LTS-2. Remain vigilant.
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.