Short
CGC 1D Possible Bearish Pattern
Looks like a possible pattern.
1. "Bearish Golden CROSS" - 50 MA Crossed Down 150 MA. Very Bearish sign. We are officially on downtrend
2. We are at strong Fibonacci support level but looks like most likely support will be broken.
3. All indicators Oversold.
If support will hold and not be broken than CGC will bounce up and go to target 1 - around $60 or even target 2 - around $70.
but Most likely support will not hold and if support will be broken than CGC going down to around $42-$38
1. "Bearish Golden CROSS" - 50 MA Crossed Down 150 MA. Very Bearish sign. We are officially on downtrend
2. We are at strong Fibonacci support level but looks like most likely support will be broken.
3. All indicators Oversold.
If support will hold and not be broken than CGC will bounce up and go to target 1 - around $60 or even target 2 - around $70.
but Most likely support will not hold and if support will be broken than CGC going down to around $42-$38
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.
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.