Technical Analysis (TA)
We're getting first signs of a rejection off the weekly 50EMA (key resistance area with Momentum indicators being overbought.
The relief rally might be move and we might start seeing a retest of support level at $4k>
If the $4k level breaks we might see a continuation to recent lows at $3.6k or lower lows.
Be cautious out there on position sizing for individual stocks as the market could be done with it relief rally and it still looks very bearish.
We're getting first signs of a rejection off the weekly 50EMA (key resistance area with Momentum indicators being overbought.
The relief rally might be move and we might start seeing a retest of support level at $4k>
If the $4k level breaks we might see a continuation to recent lows at $3.6k or lower lows.
Be cautious out there on position sizing for individual stocks as the market could be done with it relief rally and it still looks very bearish.
— subtlepapi
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
— subtlepapi
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.