Up we go
well; this is just a quick Idea and i am not going into much details as i am in a hurry; in my opinion we are moving within a falling wedge and we could break it up by next 3-6 candles (although technically we can move within it for at least a month or so, but i doubt that). upon the break out, we could manage to go up to 48k and even a little bit higher (maybe 51K?,lets see). There are some bullish divergences on MACD and other oscillators too, which confirm my bias to some extent.
Anyway, it is important to get confirmation first as there is still a 30% chance for further decline and in that case i think we would land somewhere around 40-42K.
PS: 45500 would be a good level to watch for in my humble opinion. lets see
Anyway, it is important to get confirmation first as there is still a 30% chance for further decline and in that case i think we would land somewhere around 40-42K.
PS: 45500 would be a good level to watch for in my humble opinion. lets see
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.