Sell off to Buy off and test 60 K
We had a scary dump below 50K only to fake out and return right back into the respectable trading zone. This was a one time opportunity for buyer to load up at 48 K to shoot for 60K.
Presented is a one hr technical analysis. We see confirmed support with a pivot at 51900.00.
Our MACD/SIGNAL are completing the initial cross while RSI is popping out of the oversold zone. I also added the super trend to verify a change in trend once a bullish bar touch the sell trend line (red). Naturally our buy trend will be triggered (green line).
Please comment with thoughts and ideas. Thank you.
Presented is a one hr technical analysis. We see confirmed support with a pivot at 51900.00.
Our MACD/SIGNAL are completing the initial cross while RSI is popping out of the oversold zone. I also added the super trend to verify a change in trend once a bullish bar touch the sell trend line (red). Naturally our buy trend will be triggered (green line).
Please comment with thoughts and ideas. Thank you.
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.