Awaiting Confirmation of Bullish Reversal
Fundamentally not so strong but the bearish moment is now fighting.
We do not have only one confirmation.
On Weekly Chart, We have a sluggesh Head and Shoulder pattern.before its tripple bottom.
The two patterns were undervalued by investors which lead the weekly close below its monthly support (note: monthly support was also confirmed by 61% Fibb Level on Monthly chart from its bottom till up.)
In my opinion, a weekly close above will create an engulfing bullish with the greater volume. Which may indicate the price to @280 area and a weekly close above @280 will disclose the price beyond 500:
OFFCOURSE ITS A LONG TERM GAME!
We do not have only one confirmation.
On Weekly Chart, We have a sluggesh Head and Shoulder pattern.before its tripple bottom.
The two patterns were undervalued by investors which lead the weekly close below its monthly support (note: monthly support was also confirmed by 61% Fibb Level on Monthly chart from its bottom till up.)
In my opinion, a weekly close above will create an engulfing bullish with the greater volume. Which may indicate the price to @280 area and a weekly close above @280 will disclose the price beyond 500:
OFFCOURSE ITS A LONG TERM GAME!
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.