Early in the day we got rejected at 34.3$ which is hard resistance.
Support was later found at the 7.86 Fib (26.4$).
Worst case scenario support 25.45$ (MA-4). Also confirmed by VPVR node.
We have also established strong support at 27.3 (MA-1).
28.10$ is also valid support confirmed by the 6.18 Fib and a large VPVR node.
MFI is trying to cool off, still on a strong uptrend. Volume seems to be fading away which is a good sign due to the fact that the selling pressure is weak.
We are facing resistance at 29-30$ confirmed by a large VPVR node (.382 Fib)
We also have a 9 on the TD-Sequential at the top of an uptrend which indicates that we are overbought. Right now we are forming a small retracement to continue the uptrend.
Support needs to be held at 27.5-28$ to break 30$.
We need this day to close above 30$ to remain bullish.
Options chain is looking promising.
52k Open interest at 40$
18.7k Open Interest at 30$
31.6k Open Interest at 35$.
Once these options begin to get ITM price should climb back up.
*WARNING* This thread is not financial advice. I am not a financial advisor.
Support was later found at the 7.86 Fib (26.4$).
Worst case scenario support 25.45$ (MA-4). Also confirmed by VPVR node.
We have also established strong support at 27.3 (MA-1).
28.10$ is also valid support confirmed by the 6.18 Fib and a large VPVR node.
MFI is trying to cool off, still on a strong uptrend. Volume seems to be fading away which is a good sign due to the fact that the selling pressure is weak.
We are facing resistance at 29-30$ confirmed by a large VPVR node (.382 Fib)
We also have a 9 on the TD-Sequential at the top of an uptrend which indicates that we are overbought. Right now we are forming a small retracement to continue the uptrend.
Support needs to be held at 27.5-28$ to break 30$.
We need this day to close above 30$ to remain bullish.
Options chain is looking promising.
52k Open interest at 40$
18.7k Open Interest at 30$
31.6k Open Interest at 35$.
Once these options begin to get ITM price should climb back up.
*WARNING* This thread is not financial advice. I am not a financial advisor.
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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.