Bounced from muti-year trend line which is also the base trend line of bullish descending wedge, which also is the 261.8% fib ext support.
The second attempt to break out of the wedge rejected again at trend line. Possible to close gap around $206.
Mixed oscillators signals. RSI and stoch recovered while Macd is narrowing to bullish cross. But accdist, momemtum, OBV and EOF are all down.
Bad case - $206 to $200
Good case - $230
Better case - $240
Best case - $270
Entry - $200 to $215 (High risk)
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
The second attempt to break out of the wedge rejected again at trend line. Possible to close gap around $206.
Mixed oscillators signals. RSI and stoch recovered while Macd is narrowing to bullish cross. But accdist, momemtum, OBV and EOF are all down.
Bad case - $206 to $200
Good case - $230
Better case - $240
Best case - $270
Entry - $200 to $215 (High risk)
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.