Bullish:
1. W1 C&H, tgt 41,260
2. D1 gap ~35,500
3. Possible continued bullish action if DXY drops. (Looking soft the past few days, but has possible TA tgts up to $130-ish.)
Neutral:
1. USDT is in a symmetric triangle on HTF.
Bearish:
1. unable to break above Jul 19, 2021 low wick range 31,760 - 29,215 (yet)
2. poss H&S forming, tgt 21,455
3. D1 gaps below current price: (apx) 29,800, 27,150, 26,300, 20,700, 20,000
4. Below solid yellow TL and dotted yellow TL
5. PA currently in peak of shoulder wick zone (red)
6. candles & volume only appear to show mild strength thus far
Conclusion:
The next few days are "make or break". For bullish continuation PA needs to break above and hold 31,800 on a daily close. This will invalidate the HNS and simultaneously be a clearing of the Jul 19, 2021 wick zone.
1. W1 C&H, tgt 41,260
2. D1 gap ~35,500
3. Possible continued bullish action if DXY drops. (Looking soft the past few days, but has possible TA tgts up to $130-ish.)
Neutral:
1. USDT is in a symmetric triangle on HTF.
Bearish:
1. unable to break above Jul 19, 2021 low wick range 31,760 - 29,215 (yet)
2. poss H&S forming, tgt 21,455
3. D1 gaps below current price: (apx) 29,800, 27,150, 26,300, 20,700, 20,000
4. Below solid yellow TL and dotted yellow TL
5. PA currently in peak of shoulder wick zone (red)
6. candles & volume only appear to show mild strength thus far
Conclusion:
The next few days are "make or break". For bullish continuation PA needs to break above and hold 31,800 on a daily close. This will invalidate the HNS and simultaneously be a clearing of the Jul 19, 2021 wick zone.
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.