Open for suggestions and I appreciate any comments and feedback. What I see:
- MACD - BULLISH
- RSI - NEUTRAL but on the uptrend
- Halving event coming up in less than 2 weeks... should create some FOMO and a bit of scarcity.
- We are still in a bear market, but we have been forming a bull flag on the weekly
- The trend is strong with strong resistance around 9500-10,500 and around 14000
- Rejection of the upper side of the bull flag formation will drive us down to around 3400 and we will test that... possibly drop even further to around 2k since we have been testing that support zone twice already
- Breaking above 9500 and staying in range has a potential for a trend reversal but there is always a chance for a double top around 14k and a sharp drop
Trading this will be good since we will see volatility. Either way, trade smart!
Thanks for stopping by. Drop some comments bellow!!!
- MACD - BULLISH
- RSI - NEUTRAL but on the uptrend
- Halving event coming up in less than 2 weeks... should create some FOMO and a bit of scarcity.
- We are still in a bear market, but we have been forming a bull flag on the weekly
- The trend is strong with strong resistance around 9500-10,500 and around 14000
- Rejection of the upper side of the bull flag formation will drive us down to around 3400 and we will test that... possibly drop even further to around 2k since we have been testing that support zone twice already
- Breaking above 9500 and staying in range has a potential for a trend reversal but there is always a chance for a double top around 14k and a sharp drop
Trading this will be good since we will see volatility. Either way, trade smart!
Thanks for stopping by. Drop some comments bellow!!!
Don't overcomplicate things in trading
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.
Don't overcomplicate things in trading
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.