Key Observations:
- Weekly candles forming higher highs and higher lows, indicating a bullish trend.
- Currently testing weekly bottom support.
- However Daily chart showing trend and EMA reversal, suggesting a potential short-term correction.
Dilemma:
- Should we buy now, given the bullish weekly trend?
- OR wait for daily EMA reversal off weekly EMA?
Possible solution is to watchout:
- for a break of the previous week's low may provide clarity.
- Alternatively, if the price holds above the previous low, to rally to 104k.
Trading Idea:
- Consider playing the 94k-104k range for a potential bounce.
- Alternatively, wait for a daily EMA reversal before entering a long position.
What are your thoughts?
- Weekly candles forming higher highs and higher lows, indicating a bullish trend.
- Currently testing weekly bottom support.
- However Daily chart showing trend and EMA reversal, suggesting a potential short-term correction.
Dilemma:
- Should we buy now, given the bullish weekly trend?
- OR wait for daily EMA reversal off weekly EMA?
Possible solution is to watchout:
- for a break of the previous week's low may provide clarity.
- Alternatively, if the price holds above the previous low, to rally to 104k.
Trading Idea:
- Consider playing the 94k-104k range for a potential bounce.
- Alternatively, wait for a daily EMA reversal before entering a long position.
What are your thoughts?
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.