Noticed that price action is tracing a bearish DESCENDING TRIANGLE, having an $18.0K to 19.0K shaded support area.
$18.0K to $19.0K support area can be based from Nov to Dec 2020 previous price action.
Based from “Technical Analyis ONLY”, price action might trace down to the next minor supports of $17.0 K, $16.2 K or worst, to major support of $12.0K
Use Dollar Cost Averaging when buying.
1. If price action breaks the support area, Good to buy at around $17.0K, $16.2 K and 12.0K
2. If price action breaks the resistance and form a retest, safe to buy at around $25.0 K, same as at around $32.3 K.
$18.0K to $19.0K support area can be based from Nov to Dec 2020 previous price action.
Based from “Technical Analyis ONLY”, price action might trace down to the next minor supports of $17.0 K, $16.2 K or worst, to major support of $12.0K
Use Dollar Cost Averaging when buying.
1. If price action breaks the support area, Good to buy at around $17.0K, $16.2 K and 12.0K
2. If price action breaks the resistance and form a retest, safe to buy at around $25.0 K, same as at around $32.3 K.
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.