We see a classic head and shoulder patterns forming in the daily charts with support levels at 14,000. Anything dropping below 14,000 would be an optimal pullback to buy back on. Coming back to the 14,000 support line intraday would cause a start to a MACD reversal and trigger momentum to the upside. We'll keep an eye on this opportunity the next few days going into the new year!
Commentaire:
Uptick on volume on 30min chart as price crossed down over 14,000 support line. Head and shoulder pattern holding true and is looking bearish but we see this as a dip to buy on. Looking for strong reversal signals on 4hr intraday chart with new support levels at 11,800.