Hi All
Overall, in the medium term, it is still UPTREND.
And currently, it fall into the buying zone around 23k-25k.
In case that the price action in the zone reacts positively.
"This will be buying zone"
If the zone is broken down, the next supports will be 20k and 16k.
Thus if you want to invest or trade, the actions are only to be taken in these levels.
All the best,
Pao
Overall, in the medium term, it is still UPTREND.
And currently, it fall into the buying zone around 23k-25k.
In case that the price action in the zone reacts positively.
"This will be buying zone"
If the zone is broken down, the next supports will be 20k and 16k.
Thus if you want to invest or trade, the actions are only to be taken in these levels.
All the best,
Pao
Note
it barely touch the zone then skyrocket to 31kbut now it cannot pass this zone.
The next plan will be that the next time it went down to test uptrend line,
most likely it will break down and be the short opportunity.
I do hope it went down to 20k
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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.