Hello everyone,
This is my first non-cryptocurrency-related chart.
This shows why I will buy Facebook. As you can see, in 2015 there was a similar downside. The trend in the chart for both points is almost identical. The EMA 50 and 200 have a similar trend towards the down as well.
According to the MACD, we still see a downtrend on the 4 hour chart and the RSI shows signs of being oversold. The EMA 50 and 200 are about to cross, these factors may point back to a possible increase. The volume is still very high.
Currently there is a heavy resistance because the factors described above are still around the 786 retracement level as well.
I am also convinced that M.Z. will come back with something innovative that will pump the price.
With the rising blockchain technology something will have to change for privacy reasons. The question is, will it be the blockchain technology or something else, what do you guys think?
Feel free to comment on my chart and take a view on my other posts, I am here to learn.
Thanks and good luck trading!
B.
This is my first non-cryptocurrency-related chart.
This shows why I will buy Facebook. As you can see, in 2015 there was a similar downside. The trend in the chart for both points is almost identical. The EMA 50 and 200 have a similar trend towards the down as well.
According to the MACD, we still see a downtrend on the 4 hour chart and the RSI shows signs of being oversold. The EMA 50 and 200 are about to cross, these factors may point back to a possible increase. The volume is still very high.
Currently there is a heavy resistance because the factors described above are still around the 786 retracement level as well.
I am also convinced that M.Z. will come back with something innovative that will pump the price.
With the rising blockchain technology something will have to change for privacy reasons. The question is, will it be the blockchain technology or something else, what do you guys think?
Feel free to comment on my chart and take a view on my other posts, I am here to learn.
Thanks and good luck trading!
B.