It needs to overcome the following factors:
1. Break through the demand zone above its current price.
2. It needs to overcome $19,000,000 of daily selling.
3. It needs to overcome $4,000,000,000 worth of daily monetary tightening.
For it to overcome 2 and 3 it needs to be sufficiently over sold for new money to be able to lift its price.
Until it gets through the upper demand zone, into the demand zone above that and retraces, I'm not sure that the above 3 criteria have been met.
1. Break through the demand zone above its current price.
2. It needs to overcome $19,000,000 of daily selling.
3. It needs to overcome $4,000,000,000 worth of daily monetary tightening.
For it to overcome 2 and 3 it needs to be sufficiently over sold for new money to be able to lift its price.
Until it gets through the upper demand zone, into the demand zone above that and retraces, I'm not sure that the above 3 criteria have been met.
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.