3 possible outcomes for the next hours unless a very unexpected bullish movement breaks the resistance at 7900 before all this happens.
There is a possible ascending triangle, if confirming it could be a good signal of the possible uptrend channel (green).
I think we will see a bearish movement over the next hours as 2hr MACD/StochRSI indicators are showing oversold condition, but we might restart a small rally towards the 8000 if we don't break 7500 over the next 24-36 hours, as Daily MACD/StochRSI shows slightly oversold condition, but it will not break the next resistance at 7900-8000 as we are lacking volume and prices are getting very stable over the last days (MACD constantly moving through the 0 area confirms that).
My vision is overall bearish for the upcoming quarter as overall volume is really low, leading this to a situation where the bulls are not able to break the next higher supports (7900-8000).
There is a possible ascending triangle, if confirming it could be a good signal of the possible uptrend channel (green).
I think we will see a bearish movement over the next hours as 2hr MACD/StochRSI indicators are showing oversold condition, but we might restart a small rally towards the 8000 if we don't break 7500 over the next 24-36 hours, as Daily MACD/StochRSI shows slightly oversold condition, but it will not break the next resistance at 7900-8000 as we are lacking volume and prices are getting very stable over the last days (MACD constantly moving through the 0 area confirms that).
My vision is overall bearish for the upcoming quarter as overall volume is really low, leading this to a situation where the bulls are not able to break the next higher supports (7900-8000).
Nota
Probably the purple scenario is the one going to happen.Nota
Looks like the uptrend channel has been confirmed.
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.