The H&S pattern was confirmed, but the way down was stopped on the support line at $6600. Let's see if it holds, I think it won't, given the size of the H&S. We will most likel build a bear flag and continue the way down.
There will be another support zone around $6400, the only place where the way down could be stopped.
There will be another support zone around $6400, the only place where the way down could be stopped.
Nota
Got rejected on the $6653 support line and pushed back into the neck of the H&S where we have a Fibonacci price level. Bulls don't give up,they won some momentum, but I think it won't last.Nota
Whales are trying to push up by liquidating short positions. Yet the 50% $6817 Fibonacci level seems to hold, it acts as resistance. Only 3 whales weren't enough to break it.Nota
On the 15 min chart I can see a bullish MACD trend, but the volume is low and decreasing. We might succeed to have a retracement here and go up, but I don't think we can climb more than $7360 due to the huge resistance line formed there; we would need much more volume/belief for that, and many people were expecting more from the last bounce, so I think they won't push again.Please note these are my own opinions, not an advice for anybody.
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.