12/28/20 - 1d TF
** price could go down a little more and hopefully bounce off the 50/200ema while MACD starts to kiss for a bullish run and possibly hit target 1.
1. Price action just below 8/21ema.
2. It seems like price will continue down to the 50/200 ema.
3. the 50/200ema area could be a strong support. Reasons;
a. they are close to each other
b. they are crossing (golden cross)
c. it also happen to be at the middle of the channel w/ is a good area of value.
4. MACD still bearish pointing down but could be losing momentum soon.
5. Stochastics at oversold level.
Disclaimer:
My post in this channel should not be used as a replacement for investment advice from a qualified professional. All my post is for my own chart analysis practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice. You, the reader, bear responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
** price could go down a little more and hopefully bounce off the 50/200ema while MACD starts to kiss for a bullish run and possibly hit target 1.
1. Price action just below 8/21ema.
2. It seems like price will continue down to the 50/200 ema.
3. the 50/200ema area could be a strong support. Reasons;
a. they are close to each other
b. they are crossing (golden cross)
c. it also happen to be at the middle of the channel w/ is a good area of value.
4. MACD still bearish pointing down but could be losing momentum soon.
5. Stochastics at oversold level.
Disclaimer:
My post in this channel should not be used as a replacement for investment advice from a qualified professional. All my post is for my own chart analysis practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice. You, the reader, bear responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.