Hi guys!
Let's get straight to the point.
Daily chart: Facts: Bearish Divergence on the daily RSI, Decreasing Volume, Forming Rising Wedge = We really are on the edge right now. A correction could happen anytime soon.
Weekly chart: Facts: Parabolic rising without any major correction, Stochastic RSI is at around it's maximum value since the beginning of March, Hammer candle = CORRECTION.
NOTE: I do see the forming bullish flag on the daily chart, and I also see that we tested a previous resistance as a new support. It could indicate that we might see a FAKE OUT upwards, than an immediate pullback.
TARGETS:
FAKEOUT: 9k
CORRECTION: 6.4k VPVR RESISTANCE (as you can see it is between two key fibbonaci levels too)
***It is not a financial advice, it is only my opinion***
If you have any question, leave a comment! If you liked the analysis please leave a like, thanks!
Let's get straight to the point.
Daily chart: Facts: Bearish Divergence on the daily RSI, Decreasing Volume, Forming Rising Wedge = We really are on the edge right now. A correction could happen anytime soon.
Weekly chart: Facts: Parabolic rising without any major correction, Stochastic RSI is at around it's maximum value since the beginning of March, Hammer candle = CORRECTION.
NOTE: I do see the forming bullish flag on the daily chart, and I also see that we tested a previous resistance as a new support. It could indicate that we might see a FAKE OUT upwards, than an immediate pullback.
TARGETS:
FAKEOUT: 9k
CORRECTION: 6.4k VPVR RESISTANCE (as you can see it is between two key fibbonaci levels too)
***It is not a financial advice, it is only my opinion***
If you have any question, leave a comment! If you liked the analysis please leave a like, thanks!
Nota
Looks like my FAKEOUT 9k target is playing out.
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.