Roadmap:
There are a few scenarios to consider. There is clearly support in the rising arc, however the recent price action has seen a breakdown of some key chart indicators and patterns. There was a breakdown of the head and shoulders pattern, as well as a breach of key neckline and pivots and support and resistance ares.
The possible outcomes are;
A: Price oscillates between rising arc and the Feb pivot low and broken neckline, then resumes uptrend
B: Price oscillates between rising arc and the Feb pivot low and broken neckline, then fails rising arc and falls back to Jan/Feb S/R zone at about $30000
If fails $30,000 then falls to Dec 2017 pivot high at around $19600
There are a few scenarios to consider. There is clearly support in the rising arc, however the recent price action has seen a breakdown of some key chart indicators and patterns. There was a breakdown of the head and shoulders pattern, as well as a breach of key neckline and pivots and support and resistance ares.
The possible outcomes are;
A: Price oscillates between rising arc and the Feb pivot low and broken neckline, then resumes uptrend
B: Price oscillates between rising arc and the Feb pivot low and broken neckline, then fails rising arc and falls back to Jan/Feb S/R zone at about $30000
If fails $30,000 then falls to Dec 2017 pivot high at around $19600
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.