The entry was first resistance, then flipped to support and now I expect it to hold on the rounded retest. I'll keep a short stop loss though.
Nota
The daily close and some intraday timeframes reacted a bit on the rounded retest of the support. A main thing is in my opinion that the support is the resistance of the previous consolidation.
Nota
The 9 EMA provided a good resistance since July with two exceptions showing a solid downtrend. The same with the RSI which was always way below 50 since July which signals a downtrend to me. See:But there is room until the 9 EMA and for a short term uptrend of the RSI that should be well enough for a good raise of the stop loss into the profit zone.
Nota
The alts seem to generally consolidating currently. With a bit of a bearish bias based on the RSI being below 50 for almost a month.Nota
I still looks like there is room for a short term relieve as the price is in the lower part of the consolidation.Nota
Got stopped out. But was worth a try.Dagangan ditutup: hentian tercapai
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.