TV IS 1ST TO MARKET! SATSUSD #TRADINGVIEW #TRADINGCLUENOT FINANCIAL ADVICE
The red circle shows the technical level everyone sold into after breaking, the box shows the horizontal support from the last consolidation at this level and the easy stopping point. The question is, will it go down like every time before? or will it deliver the best bear trap and bull flag to $0.001? seems like 2017 thanksgiving right about now.
I believe finance must be reacted to and not controlled: Markets.
I think TradingView has listened to us all and given us exactly what we wanted.
Hoping to win the New computer to use for school as tuition costs keep me on an old Panasonic tough book.
SATSUSD
A long term analysis of SATSUSDSATSUSD is clearly in a down trend. The last uptrend line has been broken. Currently, the SATSUSD is consolidating in this channel and soon price is likely to go down more. Wait for the breakout of the channel in the red zone. Look at the SATSUSD on the Pine table containing more indicators for further analysis.
Trend analysis of SATSUSD by Dow theoryFor SATSUSD, as the last Higher Low has been broken on the weekly timeframe, we can say that it is a clear sign of the trend reversal. I am expecting that there will be more downward pressure for the price action at important Fib levels, creating new Lower Highs and Lower Lows.