A fibonacci Fan correctly suggests that this wave has lost steam.
We are in the channel between the 0.75 and 1 line.
At the moment breaking the base line is quite unlikely given we had an incredible moemntum until now.
A more likely scenario is a retrace to around 10400 and then quite probably higher.
Fundamentals are strong to justify a continued rally.
With more data in the following hours/days techincal analysis can be more accurate.
At the moment to track momentum could be useful to utilize Bollinger Bands.
Indicator wise:
- Stoch RSI approaching oversold territory
- RSI oversold
- CCI showing a bearish divergence
This suggests that we have not much more momentum left to continue over 11,000 with a solid pierce over this price.
Trade safe.
We are in the channel between the 0.75 and 1 line.
At the moment breaking the base line is quite unlikely given we had an incredible moemntum until now.
A more likely scenario is a retrace to around 10400 and then quite probably higher.
Fundamentals are strong to justify a continued rally.
With more data in the following hours/days techincal analysis can be more accurate.
At the moment to track momentum could be useful to utilize Bollinger Bands.
Indicator wise:
- Stoch RSI approaching oversold territory
- RSI oversold
- CCI showing a bearish divergence
This suggests that we have not much more momentum left to continue over 11,000 with a solid pierce over this price.
Trade safe.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.