The analysis of the current situation
From the end of June 2019, there is the downtrend. We will be able to confirm an uptrend, when the levels $12340, and $13870, will be crossed. The strong confirmation will be when a candle will close above the levels.
The current wave is building the 7th green candle, the volume is lower and lower. We should expect a correction, we have to have correction to have clear situation. But before the correction, a price could go to near $9000 (23,6%, and the top edge of the downtrend channel). Now we are between the two levels (38,2% and 23,6%). The target $9000 is on 127,2% level of the last uptrend, so it’s the next strong signal. RSI and MACD show the potential to grow. So one more green candle is possible.
The current price of $8400 is on 113% level of the last uptrend, so it is also possible to start correction from this point.
If the correction will take place from the level $9000, the first target should be between $8000 - $7750 (18,6% - 23,6%). If this level will be crossed, then the next is $7000, and finally, $5000 (78,6%), which in my opinion is stronger than $5500. When we will land on $5000 it should be a strong signal for growing.
When the correction will be finished and on which level, we will see what next.
In the longterm, the price can go to level $35000.
There is not any financial advice, just my analysis of the situation.
The current wave is building the 7th green candle, the volume is lower and lower. We should expect a correction, we have to have correction to have clear situation. But before the correction, a price could go to near $9000 (23,6%, and the top edge of the downtrend channel). Now we are between the two levels (38,2% and 23,6%). The target $9000 is on 127,2% level of the last uptrend, so it’s the next strong signal. RSI and MACD show the potential to grow. So one more green candle is possible.
The current price of $8400 is on 113% level of the last uptrend, so it is also possible to start correction from this point.
If the correction will take place from the level $9000, the first target should be between $8000 - $7750 (18,6% - 23,6%). If this level will be crossed, then the next is $7000, and finally, $5000 (78,6%), which in my opinion is stronger than $5500. When we will land on $5000 it should be a strong signal for growing.
When the correction will be finished and on which level, we will see what next.
In the longterm, the price can go to level $35000.
There is not any financial advice, just my analysis of the situation.
Not
I'm waiting to see if price will cross $10500 or will go down.
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.