My Thoughts On Nasdaq Next Possible Move!
I believe we may have a little bit of a runup before dumping in the near future. I believe we may come back down a little bit as we did in the past and depending on how price reacts we may uphold uptrend support or we may lose it and come down (Local Support 20-EMA, the white line in the middle of the keltner channel). Cause of this I would wait till price action comes back down to the 20-EMA, if that now support is lost we will most likely come down to the bottom of the keltner channel and this will signify price is in a possible down down trend. If that support is held we may come up a little and then dump in the near future. BTC follows the NASDAQ pretty closely so it very important to look at when getting into trades in BTC.
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.