Updated
BULL VS BEARS who will win?
- Broke the trend line , but what counts is the closing price. Still showing some fragility here.
- Bounced from the 13 D EMA
- RSI Cross Over. Bottomed?
- MacD Cross over - buyers may be looking to pick up longs in the vicinity of the trendline. If the price close below the trendline there is a case of more bearishness, but until that occurs bulls may want to actually watch for a bullish crossover instead of focusing on this bearish one.
Supports: 24.59, 22.60, 18.06
Thoughts?
- Bounced from the 13 D EMA
- RSI Cross Over. Bottomed?
- MacD Cross over - buyers may be looking to pick up longs in the vicinity of the trendline. If the price close below the trendline there is a case of more bearishness, but until that occurs bulls may want to actually watch for a bullish crossover instead of focusing on this bearish one.
Supports: 24.59, 22.60, 18.06
Thoughts?
Note
And if the trendline was wrong? Adjusted it on the 1H chart. Note
Looks like it s holding the line.Note
Looks like today might have been the trendsline's bottom. Interesting to see what happens in the next 48hs.
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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.