Timeframes used: 1h and 15m
Reasons to Small Long:
- The price has rebounded slightly from the 1017 price level on the 1-hour timeframe after easily dropping below the lower channel of the purple and orange channels within a day, continuing to maintain the weakening laddering up structure.
- While the 1-hour MACD gives a strong sell signal with the increasing negative histogram, the 15-minute MACD is starting to give a buy signal with the decreasing negative histogram.
Forecast: One of the following two possibilities:
- The price will rebound to 1033 (the new old bottom and the 0.236 fibo) and then consolidate in the range of 1017-1033 before rising above 1033.
- The price will rebound to 1033 (the new old bottom and the 0.236 fibo) and then move sideways in the range of 1017-1033 before dropping back to retest 1000.
Action: Small Long
20/03/2022 - Long Dang
Reasons to Small Long:
- The price has rebounded slightly from the 1017 price level on the 1-hour timeframe after easily dropping below the lower channel of the purple and orange channels within a day, continuing to maintain the weakening laddering up structure.
- While the 1-hour MACD gives a strong sell signal with the increasing negative histogram, the 15-minute MACD is starting to give a buy signal with the decreasing negative histogram.
Forecast: One of the following two possibilities:
- The price will rebound to 1033 (the new old bottom and the 0.236 fibo) and then consolidate in the range of 1017-1033 before rising above 1033.
- The price will rebound to 1033 (the new old bottom and the 0.236 fibo) and then move sideways in the range of 1017-1033 before dropping back to retest 1000.
Action: Small Long
20/03/2022 - Long Dang
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.