This is an updated Idea from yesterday
Bearish:
1)Reversal of uptrend from 0.618 Fib line at 45,409
2)Loss of Bullish Trend Line
Bullish:
1)Golden Cross Formation of the EMA 50 over 200
New trend:
Look for double Bottom Support off of previous Buyer Support Zone to start new uptrend
IF support isn't found look for a deeper pullback to previous support levels around 36,500
Catalysts:
Several Crypto Themed Superbowl ads for the weekend of Feb 13 are slated to run
- This new uptrend could be the market pricing in these ads
- Watch for a possible selloff during the Superbowl if the market has priced in the catalyst already
Bearish:
1)Reversal of uptrend from 0.618 Fib line at 45,409
2)Loss of Bullish Trend Line
Bullish:
1)Golden Cross Formation of the EMA 50 over 200
New trend:
Look for double Bottom Support off of previous Buyer Support Zone to start new uptrend
IF support isn't found look for a deeper pullback to previous support levels around 36,500
Catalysts:
Several Crypto Themed Superbowl ads for the weekend of Feb 13 are slated to run
- This new uptrend could be the market pricing in these ads
- Watch for a possible selloff during the Superbowl if the market has priced in the catalyst already
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.