Hi Folks,
As if NFT was going hard lately.. last days we are a little relaxing...
This Theta/USDT chart doesn't make it easy to do some technical analysis..
At the daily chart we have seen a ' death cross' on the 23th of July. Prices made a decline and since then we act in a trading range..
Notice all the price action at the $6.- This has been acting several times as a strong support line..
The test of the trend line is in conjunction of the $6.- support line.. If you ask me that's a ' high probability' for higher prices to break out
But be aware because I am a really big fan of candlesticks and what they do tell us.. man that's astonishing. What I see is a lot of indecision in the latest bars/doji's.
Plus the position where they appear is really important.
This Theta can go either way... as the whole crypto is in a trending market now we assume the NFT's will soon follow.
But as we look closely to the Technicals we have to be aware of some danger...
Just use a good stop loss.
But be positive we will make some gains in the future, soon!
As if NFT was going hard lately.. last days we are a little relaxing...
This Theta/USDT chart doesn't make it easy to do some technical analysis..
At the daily chart we have seen a ' death cross' on the 23th of July. Prices made a decline and since then we act in a trading range..
Notice all the price action at the $6.- This has been acting several times as a strong support line..
The test of the trend line is in conjunction of the $6.- support line.. If you ask me that's a ' high probability' for higher prices to break out
But be aware because I am a really big fan of candlesticks and what they do tell us.. man that's astonishing. What I see is a lot of indecision in the latest bars/doji's.
Plus the position where they appear is really important.
This Theta can go either way... as the whole crypto is in a trending market now we assume the NFT's will soon follow.
But as we look closely to the Technicals we have to be aware of some danger...
Just use a good stop loss.
But be positive we will make some gains in the future, soon!
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.