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TECHNICAL ANALYSIS:
Since the end of November 2020, the price has been following a strong uptrend, bouncing many times on the dynamic S/R Level.
The price just got an interesting and important weekly resistance area and the next price action will be absolutely useful to understand the next market's movement.
CONCLUSION:
I think the market could get a short retracement trying to reach the dynamic support level of the ascending channel.
The price is overbought and during the last two days it showed a strong momentum. It could finally be the right moment of this market's inversion.
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
TECHNICAL ANALYSIS:
Since the end of November 2020, the price has been following a strong uptrend, bouncing many times on the dynamic S/R Level.
The price just got an interesting and important weekly resistance area and the next price action will be absolutely useful to understand the next market's movement.
CONCLUSION:
I think the market could get a short retracement trying to reach the dynamic support level of the ascending channel.
The price is overbought and during the last two days it showed a strong momentum. It could finally be the right moment of this market's inversion.
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
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.