Hi everyone
this chart below shows we could expect more downward pressure before last drop happened.
in my next chart below you can see 3day chart and this important cyan blue trend line the price
hover over around it since March 13th 2020.
So the question is could this strong trend line hold the price to prevent more drop or downward pressure
will continue? if drop where is our next possible targets?
actually we don't know yet, but if this happened next important support levels on my chart could be our targets
from the indicators price still far from MA200 and moving below the ICHI cloud on 4H chart .
so we still in bear side for sure and I think we stay at the same for a while moving sideways or more drop.
for bull trend we need to see more clues in lower time frame charts. let's see
Enjoy the market
this chart below shows we could expect more downward pressure before last drop happened.
in my next chart below you can see 3day chart and this important cyan blue trend line the price
hover over around it since March 13th 2020.
So the question is could this strong trend line hold the price to prevent more drop or downward pressure
will continue? if drop where is our next possible targets?
actually we don't know yet, but if this happened next important support levels on my chart could be our targets
from the indicators price still far from MA200 and moving below the ICHI cloud on 4H chart .
so we still in bear side for sure and I think we stay at the same for a while moving sideways or more drop.
for bull trend we need to see more clues in lower time frame charts. let's see
Enjoy the market
Trade active
possible limited moves in next hours coming.Trade active
first wave complete as expected. can test one more time around 39500 before go upward.Trade active
second wave almost completed. if the price closed above this important resistant line next target would be 45600$ if not 42K and 40K still in play.Trade active
two possibilities for now, price can bounce upward from 42K heading for 45600$ or keep declining to hit 40K one more time, lets see
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Related publications
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.