We broke the 50% line of the support area. Based on the 4h chart the second target is breaking upper bond of the support area (~$6850), if we have the momentum we can break it soon, unless we will go down and test the %50 line (~$6350). As far as that 50% line holds we are good for short term.
Another possibility is that if this support area will turn out to be a consolidation area for a while, in that case we will see a huge movement after accumulation phase is over.
Remember that "The stock market is a device for transferring money from the impatient to the patient."
Best,
Garyreza (ANALYTCA)
Another possibility is that if this support area will turn out to be a consolidation area for a while, in that case we will see a huge movement after accumulation phase is over.
Remember that "The stock market is a device for transferring money from the impatient to the patient."
Best,
Garyreza (ANALYTCA)
Nota
BB20 hold the price and didnt let it go down to test %50 line, which can be a good thing. The upper bond of the support area acted as resistance which was predictable.
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.