As provided in my previous chart, a bounce off the $5 line was good, however it was a very weak push up, I was expecting a lot more orders.
From the looks of it on the WEEKLY chart, it is closing an indecisive weekly candle, which indicates a possible trend change from bearish to bullish - meaning we can see the price rising in a couple of weeks.
I think in the long term, there is a possibility of going back to Fib level 1 - $15 - VERY OPTIMISTIC - NOT LIKELY AT ALL. But it will be a very slow climb, and this coin still can go even lower.
For a mini rally we want to see a second bounce off the red line as highlighted in yellow. Otherwise, fail down to $2.5 - MORE LIKELY.
From the looks of it on the WEEKLY chart, it is closing an indecisive weekly candle, which indicates a possible trend change from bearish to bullish - meaning we can see the price rising in a couple of weeks.
I think in the long term, there is a possibility of going back to Fib level 1 - $15 - VERY OPTIMISTIC - NOT LIKELY AT ALL. But it will be a very slow climb, and this coin still can go even lower.
For a mini rally we want to see a second bounce off the red line as highlighted in yellow. Otherwise, fail down to $2.5 - MORE LIKELY.
Nota
Second bounce completed, and now movement down again to $6.20 for support
Publicações relacionadas
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.
Publicações relacionadas
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.