Yesterday's short squeeze broke two months of heavy bear resistance and caused a Kijun cross at the 1D-level. With the additional upward support during today's trading the 1D Stoch RSI shows heavy overbuying which could be a bearish signal on the short-run.
Next targets for bullish confirmation:
(1) succesful retesting of the Kijun
(2) Tenkan-Kijun cross
(3) breaking 5M Bear @ ~9K USD - this also means testing or entering the Kumo cloud.
Happy trading!
Next targets for bullish confirmation:
(1) succesful retesting of the Kijun
(2) Tenkan-Kijun cross
(3) breaking 5M Bear @ ~9K USD - this also means testing or entering the Kumo cloud.
Happy trading!
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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.
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.