Critical Area
The market feels very emotional right now with many fearful of where we are heading. When this is the case I find it's best to zoom out and take a step back.
At this time there are honestly too many factors weighing on both sides of the equation to be long or short. Right now, I am waiting for a confirmation to make my next move.
Bullish Scenario
-The bullish trend is still intact
-Testing the bottom of a huge ascending triangle pattern
-Still have not made a lower low
-Could double bottom from here
-Hidden bullish divergence
-Low RSI
Bearish Scenario
-Resting on the ascending triangle support
-Potential head and shoulders pattern
-Bearish Divergence
This is where things get interesting, that is for sure. Seeing how coiled up we are, 2022 will definitely bring the volatility.
At this time there are honestly too many factors weighing on both sides of the equation to be long or short. Right now, I am waiting for a confirmation to make my next move.
Bullish Scenario
-The bullish trend is still intact
-Testing the bottom of a huge ascending triangle pattern
-Still have not made a lower low
-Could double bottom from here
-Hidden bullish divergence
-Low RSI
Bearish Scenario
-Resting on the ascending triangle support
-Potential head and shoulders pattern
-Bearish Divergence
This is where things get interesting, that is for sure. Seeing how coiled up we are, 2022 will definitely bring the volatility.
Nota
Bearish scenario is staring to play out. This weeks candle close will be a huge indicator.
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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.