This analysis is related to my previously posted one, on a bigger time frame.
We are forming a Head and shoulders, breaking it will mean 28400 aprox(technical target), but I think we will go to the ascending resistance, at aprox 27k. Breaking it will mean a longer bear market, but I think that we will bounce to attempt again 31k resistance.
Check previous analysis for a longer time frame idea.
We are forming a Head and shoulders, breaking it will mean 28400 aprox(technical target), but I think we will go to the ascending resistance, at aprox 27k. Breaking it will mean a longer bear market, but I think that we will bounce to attempt again 31k resistance.
Check previous analysis for a longer time frame idea.
Note
Wait for HS break out confirmation to enter the trade. TP 1: 28600
TP 2: 27200
Note
We a breaking the support, good time to short or wait for small dump and pump to the HS support line
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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.