Sell signal in full effect as bulls are unable to break resistance at long-term UTA.
Support at short-term LTA looks to be non-existent with next expected support at LT (~4450), then 'expected average' (H4 200EMA).
Based on 11/12 prediction, we may see a few weeks of sideways action to help sustain until the next daily divergence period; this would take place between long-term UTA and 'expected average'.
This price action would also assist in setting up for the weekly convergence period which likely triggers a bear market. I believe this could happen mid to late December.
Support at short-term LTA looks to be non-existent with next expected support at LT (~4450), then 'expected average' (H4 200EMA).
Based on 11/12 prediction, we may see a few weeks of sideways action to help sustain until the next daily divergence period; this would take place between long-term UTA and 'expected average'.
This price action would also assist in setting up for the weekly convergence period which likely triggers a bear market. I believe this could happen mid to late December.
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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.