SMAL DIP BEFORE TAKE OFF TO THE MOON. FIRST TARGET 70K
WE CLOSED ABOVE 65K ON THE DAILY, AS RESULT WE ARE NOW CHANGING THE CHARACTER; FROM DOWNTREND TO UPTREND. tHIS IS BULLISH LONG-TERM.
Based on the open interest (OI) it seems that we are inn the belief zone, as result people will be looking to accumulate on the dips.
If we use the fibs from the swing low to swing high we can see the accumulation areas. These would be good entry positions.
Rsi seams to have bearish divergence on the 2H. As result we will have the small dip.
Based on the open interest (OI) it seems that we are inn the belief zone, as result people will be looking to accumulate on the dips.
If we use the fibs from the swing low to swing high we can see the accumulation areas. These would be good entry positions.
Rsi seams to have bearish divergence on the 2H. As result we will have the small dip.
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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.