Twitter - TWTR Technical Analysis - Hold For Now.
Using a Weekly chart you can notice that prices have been moving horizontally, not a proper trend.
With a daily and 4h chart, a start of an uptrend (Bullish behaviour) might be found. Unfortunately, the bullish trendline can not be considered so it has been tested only 2 times.
Best option is to HOLD, as both up and down option are available.
This Market, is mainly influenced by Fundamental
Option 1 only if the resistance level of 50 USD will be broken
Option 2 - testing the amended trendline around 32 - 33 USD and if this level will not be broken it can be a signal of buying
Option 3 - Testing the possible trendline at 23.5 USD. If it will not be broken, it can be seen as buying signal.
With a daily and 4h chart, a start of an uptrend (Bullish behaviour) might be found. Unfortunately, the bullish trendline can not be considered so it has been tested only 2 times.
Best option is to HOLD, as both up and down option are available.
This Market, is mainly influenced by Fundamental
Option 1 only if the resistance level of 50 USD will be broken
Option 2 - testing the amended trendline around 32 - 33 USD and if this level will not be broken it can be a signal of buying
Option 3 - Testing the possible trendline at 23.5 USD. If it will not be broken, it can be seen as buying signal.
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.