1) possible demand zone ($36,378 - $38,376) grey box
2) possible downtrend channel (lower highs, lower lows)
3) momentum oscillators are overbought which is a sign buyers are losing strength (ltf's)
4) 21 MA acting as strong resistance & rejected $44,000 (S/R flip)
Please like/comment 👍
2) possible downtrend channel (lower highs, lower lows)
3) momentum oscillators are overbought which is a sign buyers are losing strength (ltf's)
4) 21 MA acting as strong resistance & rejected $44,000 (S/R flip)
Please like/comment 👍
Trade active
A move up to $45,000 to retest the broken trend-line could happen beforehand though.
Trade active
retest successful.
Trade active
Nice rejection so far. Will update in coming days.
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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.