Seems long overdue sell off with bearish volume we have been suffering from today and all day yesterday. As you can see the pump by the bulls to push us back up into the bearish wedge which failed and was strongly rejected. (BULLS TRAPPED)
Previous targets are still the same. We have hard resistance at $6800 and weakening support at $6700
When I look at RSI and MACD levels and progression on 1H, 4H and Daily and other things like the Rising Wedge and bear falg -2.76% and a few other things I would say it would be very possible to see a pullback and break down through the Rising Wedge to a 50-61.8 Fib Retracement.
I would be looking for the first pull back to around $6,400 and then 6,270 before confirming anything deeper. As always we have to wait and see what the market makers have in store for us in these situations. As always be ready to play the market both ways whatever the market markers throw at us and beat them at their own game.
Previous targets are still the same. We have hard resistance at $6800 and weakening support at $6700
When I look at RSI and MACD levels and progression on 1H, 4H and Daily and other things like the Rising Wedge and bear falg -2.76% and a few other things I would say it would be very possible to see a pullback and break down through the Rising Wedge to a 50-61.8 Fib Retracement.
I would be looking for the first pull back to around $6,400 and then 6,270 before confirming anything deeper. As always we have to wait and see what the market makers have in store for us in these situations. As always be ready to play the market both ways whatever the market markers throw at us and beat them at their own game.
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.