A fibonacci Fan correctly suggests that this wave has lost steam.
We are in the channel between the 0.75 and 1 line.
At the moment breaking the base line is quite unlikely given we had an incredible moemntum until now.
A more likely scenario is a retrace to around 10400 and then quite probably higher.
Fundamentals are strong to justify a continued rally.
With more data in the following hours/days techincal analysis can be more accurate.
At the moment to track momentum could be useful to utilize Bollinger Bands.
Indicator wise:
- Stoch RSI approaching oversold territory
- RSI oversold
- CCI showing a bearish divergence
This suggests that we have not much more momentum left to continue over 11,000 with a solid pierce over this price.
Trade safe.
We are in the channel between the 0.75 and 1 line.
At the moment breaking the base line is quite unlikely given we had an incredible moemntum until now.
A more likely scenario is a retrace to around 10400 and then quite probably higher.
Fundamentals are strong to justify a continued rally.
With more data in the following hours/days techincal analysis can be more accurate.
At the moment to track momentum could be useful to utilize Bollinger Bands.
Indicator wise:
- Stoch RSI approaching oversold territory
- RSI oversold
- CCI showing a bearish divergence
This suggests that we have not much more momentum left to continue over 11,000 with a solid pierce over this price.
Trade safe.
İlgili yayınlar
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.
İlgili yayınlar
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.