Sticking with the same chart this week as I posted last week.
Price broke through the black bearish trend line and retraced back to the line, which so far has held as support. With the price staying above the trend line, the bulls maintain control of the near-term trend.
Momentum is easing back, but market sentiment remains as a "buy on dips" near the trend line scenario, or ~$6400.
Protective stop should be placed on a new low under $5800. If support holds the upside objective has a nice look to it!
Thoughts?
Price broke through the black bearish trend line and retraced back to the line, which so far has held as support. With the price staying above the trend line, the bulls maintain control of the near-term trend.
Momentum is easing back, but market sentiment remains as a "buy on dips" near the trend line scenario, or ~$6400.
Protective stop should be placed on a new low under $5800. If support holds the upside objective has a nice look to it!
Thoughts?
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.