yes obviously. This is for me to record my thoughts for future review.
-Descending Volume since early Feb. - Bullish (1Bull)
-Ascending Wedge - Bearish (1Bear)
-Broken the first trend line yet has not tested it as support yet. (0)
-Currently testing second trend line. However volume is low, not a sticking point, as the market looks yet to decide on a direction. (0)
-Previous 1D candle closed as a hanging man, which would suggest a local top. - Bearish (2Bear)
-6h chart 50/200EMA has crossed bullish for the first time since burning bearish on Jan 18th. (2Bull)
-Interesting that the 50/200EMA cross happened on the 50% fib line in the pitchfork. (0)
-Based on the pitchfork there is quite a lot of headroom for the price in this chanel.
I want to be bullish, this ascending wedge says otherwise though.
if the market goes direction A and crosses the center of the pitchfork and turns the 50%fib ($12,985) from resistance to support then i'm convinced we are bull.
-Descending Volume since early Feb. - Bullish (1Bull)
-Ascending Wedge - Bearish (1Bear)
-Broken the first trend line yet has not tested it as support yet. (0)
-Currently testing second trend line. However volume is low, not a sticking point, as the market looks yet to decide on a direction. (0)
-Previous 1D candle closed as a hanging man, which would suggest a local top. - Bearish (2Bear)
-6h chart 50/200EMA has crossed bullish for the first time since burning bearish on Jan 18th. (2Bull)
-Interesting that the 50/200EMA cross happened on the 50% fib line in the pitchfork. (0)
-Based on the pitchfork there is quite a lot of headroom for the price in this chanel.
I want to be bullish, this ascending wedge says otherwise though.
if the market goes direction A and crosses the center of the pitchfork and turns the 50%fib ($12,985) from resistance to support then i'm convinced we are bull.
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.