My very first draft trend
Updated
Disclaimer: I am super new to trading and have seen so many great suggestions so far. As getting more and more familiar with the tools I want to give it a shot myself. Definitely not a financial advice but more-so an idea that I would like to share with you with the hope that you will guide me with recommendations on how to improve my strategy.
After a new low after weeks, we are currently above the 9,600 mark again. the issue I see here is the missing volume. It's not truly convincing and after another unsuccessful attempt to push the price go up, there is a good chance that we will see even lower lows. Unless we break above 10K with a conviction again, within a week, I see a continuing in the downtrend. Happy to hear your thoughts!
After a new low after weeks, we are currently above the 9,600 mark again. the issue I see here is the missing volume. It's not truly convincing and after another unsuccessful attempt to push the price go up, there is a good chance that we will see even lower lows. Unless we break above 10K with a conviction again, within a week, I see a continuing in the downtrend. Happy to hear your thoughts!
Comment
UPDATE: as we broke out of our descending trend line, the next possible target ranges from 10,900 to 11,200 - which will conclude in a massive price fall. to roughly 10,300. - I'm thinking out loud, definitely no financial advice - not even a suggestion :) interested to learn from your comments...cheers!
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