SPCE Chart analysis
So here is my SPCE chart analysis.
What I see on the daily chart, is that the price couldn't break the 50EMA line (FIB 0,382 area as well) and headed back to the 12$ area. we are in the uptrend now, and I predicted that because
1)The shorter SMA crossed, the longer above (the 3rd of April), that is a pretty bullish signal
2)You can see a breakout from the resistance and support triangle on the RSI(the 3rd of April).
3)the candle confirmation (kind of inverted hammer)
If you change the time frame to 4hrs, you will see the same, we are heading up in the uptrend channel between the 50EMA and 20SMA, and everything looks nice as well in the 1hrs chart too.
Today in the market time, we closed around the FIB 0,5 level (15,36) then we reached the FIB 0,38 (around 16$) in the after time. I guess there is a big chance to reach the 17$ but then I guess short correction will appear ( "Friday" and people will sell their positions)
What I see on the daily chart, is that the price couldn't break the 50EMA line (FIB 0,382 area as well) and headed back to the 12$ area. we are in the uptrend now, and I predicted that because
1)The shorter SMA crossed, the longer above (the 3rd of April), that is a pretty bullish signal
2)You can see a breakout from the resistance and support triangle on the RSI(the 3rd of April).
3)the candle confirmation (kind of inverted hammer)
If you change the time frame to 4hrs, you will see the same, we are heading up in the uptrend channel between the 50EMA and 20SMA, and everything looks nice as well in the 1hrs chart too.
Today in the market time, we closed around the FIB 0,5 level (15,36) then we reached the FIB 0,38 (around 16$) in the after time. I guess there is a big chance to reach the 17$ but then I guess short correction will appear ( "Friday" and people will sell their positions)
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.