BEARISH
welcome to Part 2/2 of my short analysis.
As you can see here, we are near the strongest 200MA support line.
Bearish signs:
1. Descendent Triangle.. is also a bearish one. If price breaks down.. the next target will be 2800$
2. It looks like we are still in an bearish flag.. but propably has been "deacticated" due to the breakout earlier this month.
3. The 50MA works as a strong resistance line
As the volume is declining more and more.. we will see a huge volume as soon as the breakout happens.
Bearish Targets when bearish breakout happens:
1. 3350 (For sure)
2. 3275 (For sure)
3. 2800 (Not so sure, but place a take profit order here too)
4. 2500 (Risky)
4. 2100 (Risky)
welcome to Part 2/2 of my short analysis.
As you can see here, we are near the strongest 200MA support line.
Bearish signs:
1. Descendent Triangle.. is also a bearish one. If price breaks down.. the next target will be 2800$
2. It looks like we are still in an bearish flag.. but propably has been "deacticated" due to the breakout earlier this month.
3. The 50MA works as a strong resistance line
As the volume is declining more and more.. we will see a huge volume as soon as the breakout happens.
Bearish Targets when bearish breakout happens:
1. 3350 (For sure)
2. 3275 (For sure)
3. 2800 (Not so sure, but place a take profit order here too)
4. 2500 (Risky)
4. 2100 (Risky)
Trade closed: target reached:
This was only a bullish vs bearish possible movement comparission.. the bullish happened in the other idea.
Wont close this as a "correct/wrong" prediction.
Wont close this as a "correct/wrong" prediction.
