Weekly Time-frame
New Candle just showed up, Good news for the bulls, we open to green volume in Awesome Oscillator as predicted yesterday. This would mean the beginning of the Upside! Another good news we found support in Ichimoku Cloud.Relative Strength Index (RSI) is about to cross over Moving Average (MA). Support Area of $37,000 - $39,000.
1D Time-frame
We are now below the Cloud, and we have printed Red Volume in Awesome Oscillator which is Bearish Saucer. Today is a Bearish day as it formed Evening Star, but it went just as planned so far means it will cross the Cloud on March 15th where it has the Weakest Point. We need to hold the line for today in this Price Target of $37,339. Ichimoku - Tenken Sen to secure a higher low up-trend.
4H Time-frame
The drop to $37,080 was needed to liquidated the long position. Now we are having some sideways and preparing to go upside again, meanwhile Awesome Oscillator is about to form a Negative Volume which would be Bearish sign. March 2nd is the crossing area in 4H Time-frame to the upside. The Box is the Support Area. Area of bounce at $37,339, $37,080 & $36,942. Area of rejection at $39,191.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
1D Time-frame
4H Time-frame
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
