DASHUSD golden cross; testing inv h&s neckline If it can sustain the golden cross then it should validate this inv h&s breakout and head to the $70 target. We can see it has already broke above the neckline once need to see it back above again and maybe close a weekly candle or 2 above it. On its way to the 70 dollar target it would create bigger inv h&s patterns/necklines along the way that would also most likely confirm a breakout from and lead to even bigger targets but we must take this one step at a time first….as of now we haven’t even confirmed this first one will breakout just yet. *not financial advice*
Weeklycandle
Confluence Test for this Week's CandleCOINBASE:BTCUSD
Right now, we are currently testing a $17,000 - $19,000 weekly candle support on $BTCUSD, while the 14 week RSI oscillator is oversold (<30). I'm hoping that by the close of the weekly candle, the RSI and candle for this week will either:
Ex1. Close above the $17-19K support zone AND above 30 RSI or,
Ex2. Close below the $17-19K Support zone AND below 30 RSI.
This will give us confluence in determining if we continue to go to lower in price (Ex 2.) or HOLD $17-19K as weekly support.( Ex 1.) If the RSI and price candle do not close both above OR both below their respective levels, it is still ambiguous if this $17-19K weekly level will act as support or transition to resistance.
I will be on the lookout for this coming Sunday night weekly candle close.
***DISCLAIMER: NOT INVESTMENT ADVICE***
Shorting Watch Party Tesla is due for a major correction but there could be quite some time until that happens. I am looking at the weekly candle for this analysis and I still see room for growth. Bollinger bands have not given a sell signal yet. RSI is capable of going much higher, and MACD shows room for growth. Once I get a sell signal on the weekly. I will be shorting Tesla's correction. I will be updating this daily. ( days the market is open ) and constantly updating the weekly candle chart and as soon as I get a sell signal, I will be shorting.
Expecting another breakthrough before weekly candle ends. 20+K?❕The 4 handle candle closings and trend indicate that it does not yet want to drop from this range.. I’m looking for a breakthrough during these next 4 hr candles..
Holding a long and will be looking for a temporary short at the peak of 4hr / 1hr overbought rsi..
Safe pips yo, history is being made 📊