Hello,
Since we first bounced right on the support yesterday, I think we are due to test at least $7500 next week.
If we break the downtrend trendline that we are following since the start of this beartrend, I'm thinking about ~$11.500 where we got quiete some support.
Otherwise, if we break down, we seems due to retest ~3-4k.
Since we first bounced right on the support yesterday, I think we are due to test at least $7500 next week.
If we break the downtrend trendline that we are following since the start of this beartrend, I'm thinking about ~$11.500 where we got quiete some support.
Otherwise, if we break down, we seems due to retest ~3-4k.
Note
The first target ($7500) has been acquired. We are entering a no-trade zone as this either could go to $7800-8200 or retest res at $6600. Next decision should be make on those breakup / brakdown.Note
Moreover, as we can see, we are in ichimoku cloud, confirming the no-trade zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.