% Price broke through monthly resistance ($46971) and retested and currently at $52730. ( Previously price was on phase 2 of Monthly up trendline and made Fib 50% Retracement as a support. )
% Price retested Weekly Up trending Fib Retracement 61.8% and has tested the weekly down trending trendline along with Down trending Fib retracement 78.6% , $52921. And forming a Descending Triangle ?. ( 13/48-50/100/200 Emas are with wider separation and pointing upwards ... But Volume is lacking)
% Potential Patterns - Wkly: Descending Triangle, Inverse H&S
% Market cycle/Long term entry if price pull back: 35K to 31K
% if price were to broke out of Descending triangle and the Down trending Fib retracement (78.6% - $ 52921) : i would rather do trades on Large to mid caps until i can see strong investor sentiment. But i wont hesitate to stack some if price pull back to key resistance levels below 40K for mid term/Long term entry.
% Price retested Weekly Up trending Fib Retracement 61.8% and has tested the weekly down trending trendline along with Down trending Fib retracement 78.6% , $52921. And forming a Descending Triangle ?. ( 13/48-50/100/200 Emas are with wider separation and pointing upwards ... But Volume is lacking)
% Potential Patterns - Wkly: Descending Triangle, Inverse H&S
% Market cycle/Long term entry if price pull back: 35K to 31K
% if price were to broke out of Descending triangle and the Down trending Fib retracement (78.6% - $ 52921) : i would rather do trades on Large to mid caps until i can see strong investor sentiment. But i wont hesitate to stack some if price pull back to key resistance levels below 40K for mid term/Long term entry.
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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.