are you expecting for more drop yet?... I personally doubt that.
what we have on chart could be tricky. as you can see MAs 200 and 50
on daily setup shows death cross means strong bearish. however everyone
knows MAs or other indicators can be delayed. if you look at MACD it shows
you totally different outlook. the daily setup shows a positive move on histogram
and MACD line both.
then I think market consolidation will continue for more days until we see any strong
momentum moves either sides.
so I set some important static and dynamic levels to notice. as always baseline is
my judgment level. above it we can expect reversal trend. below it our next important
support area is between 24200$ and 23800$. lets see
Enjoy the market
what we have on chart could be tricky. as you can see MAs 200 and 50
on daily setup shows death cross means strong bearish. however everyone
knows MAs or other indicators can be delayed. if you look at MACD it shows
you totally different outlook. the daily setup shows a positive move on histogram
and MACD line both.
then I think market consolidation will continue for more days until we see any strong
momentum moves either sides.
so I set some important static and dynamic levels to notice. as always baseline is
my judgment level. above it we can expect reversal trend. below it our next important
support area is between 24200$ and 23800$. lets see
Enjoy the market
Trade active:
broke the trend line retested it again and start new rally.
Trade closed: target reached:
our 3 months journey in long position done.
Enjoy the market
