G6 news to come from NTOG soon on production increase CCI upside movement Above 20ma and last week we closed above it, still above t-line hoping for a cross from t-line with 20ma to drive this higher next 1-2 weeks. stop loss at 3.72p top up at 3.85p if that does retrace at some point. Target 5p-5.20p
7.42p is the next resistance where 20ma is at moment but closing above that I can see quickly a move to 10p at least short term. We closed last week above the t-line which is bullish, we might re-test it next week but closing above it will raise momentum for week after. 7.75p was the bottom and we seem to be on a start of a bull trend.
RSI very overbought and if t-line is lost at 11.5p we will get back to 10.5-10.7p before the next leg. Last candle gives a daily bearish sentiment to come so will watch with interest. Cooling down in the chart will give more strength for a further rise and breaking the 200ma If we do bounce from 11.5p and hold then you might not see that retrace so keep an eye.
After major dip I will expect a bit more bearish momentum after for a few days/week before the bulls come back in full mode Looking to enter a LONG position at $367-$371. the dip went to the 61.8% fibs spot on and closed above but last friday's candle makes me believe that we might not hold here but looking with interest for a possible further dip.
After a huge dip I think we will hit support where resistance was, I'm looking at the $340 level for a possible entry. Content is always important and Netflix is ahead of any bigger players that might come along so therefore I'm bullish long term but short term it will go further down a little more. Last daily candle was very bearish so we either retest the lows ...
I like the chart setup at moment with a pendant/triangle pattern, tight range with an emminent break as 50ma is closeby but we are holding the 20ma very well. We are also above the 50% retrace, some altcoins are moving today and will expect some movement here this weekend. Entry: $469 Stop loss: $464 Exit: $480-$500
RSI is losing strength (bearish divergence) so watch out for that, for me I'm out already and waiting for a retrace at some point to buy back. So we could well retest the trend and do a retrace before the next bull run closer to August Bitcoin ETF decision. We could go sideways till trend or move quick higher with less RSI strength then fall back so watch those ...