Newbie in TA here - so bear with me!
Drawing some trend lines and channels and EMA50.
It looks to me:
- We are overbought (RSI)
- We hit the top channel resistance and moved down
- We are on the EMA50
From there I suppose we could be going down within the channel and maybe hit the long term support. That's my expectation.
Our we could bounce on the EMA50 and have a chance to break that downward channel.
Drawing some trend lines and channels and EMA50.
It looks to me:
- We are overbought (RSI)
- We hit the top channel resistance and moved down
- We are on the EMA50
From there I suppose we could be going down within the channel and maybe hit the long term support. That's my expectation.
Our we could bounce on the EMA50 and have a chance to break that downward channel.
Nota
It decided to bounce on EMA50 and broke the downward channel. Fundamentally a very strong coin and valued less than others that don't even yet have a product.
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.