ABNB broke above a major resistance level of 156 and is currently holding above at 159
Once price action had broke key resistance, price held above the 50 & 100 day EMA acting as support on the daily & weekly..
The past 5 days has been followed with an increase in bull volume on the daily chart as well as a run to over bought levels on the daily rsi
(If bull momentum is strong enough RSI could push to 80-90 before having a pullback, The weekly RSU is turned up around the 50 level showing there is room for more upside)
On the weekly chart we had 4 weeks of strong bull volume showing enough interest to break above that 156 key resistance.
I believe we could see this pullback to test 156 before continuing the run to next resistance of 175.
I would like to see a small pullback with light volume for an entry or a break above previous days high of 162 with high bull volume
Once price action had broke key resistance, price held above the 50 & 100 day EMA acting as support on the daily & weekly..
The past 5 days has been followed with an increase in bull volume on the daily chart as well as a run to over bought levels on the daily rsi
(If bull momentum is strong enough RSI could push to 80-90 before having a pullback, The weekly RSU is turned up around the 50 level showing there is room for more upside)
On the weekly chart we had 4 weeks of strong bull volume showing enough interest to break above that 156 key resistance.
I believe we could see this pullback to test 156 before continuing the run to next resistance of 175.
I would like to see a small pullback with light volume for an entry or a break above previous days high of 162 with high bull volume
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.