Doubtful we will break support
You can see from the massive wedge that when we tried to break resistance we got reject and pushed way down. If we did break resistance we were in for a nice pump.
Likewise, at the bottom of the wedge, we're trying to break support but I bet we won't and will reverse back bullish. If we do break resistance we're in for a dump down to the lower trend line at 7.5k, more or less. Maybe find support at a horizontal.
I feel like breaking support would be too easy for most people to call and short. Many inexperienced traders may have shorted at the bottom hoping that when we break support they'll get some profit.
Best to stay neutral or go long.
Also notice the red trend line was established way back in June, and when it broke was where we really dumped. Don't think previous trends from the past aren't still having an effect. You can even still rely on horizontals from early 2018.
Likewise, at the bottom of the wedge, we're trying to break support but I bet we won't and will reverse back bullish. If we do break resistance we're in for a dump down to the lower trend line at 7.5k, more or less. Maybe find support at a horizontal.
I feel like breaking support would be too easy for most people to call and short. Many inexperienced traders may have shorted at the bottom hoping that when we break support they'll get some profit.
Best to stay neutral or go long.
Also notice the red trend line was established way back in June, and when it broke was where we really dumped. Don't think previous trends from the past aren't still having an effect. You can even still rely on horizontals from early 2018.
Transaction en cours
so far so good
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.