Hello! Please review my previous ideas to see how my analysis has been going, leave any comments thanks!
The reason this is still bullish:
Where things can go bearish:
The reason this is still bullish:
- We had a golden cross plotted
- We are still in the rising wedge
- We bounced off the wedge and closed above
39K indicating a reversal - We have a mild support around $38,600 were we consolidated around couple hours
- Currently we are still above 39K a push pass $39.5 would be extremely bullish
Where things can go bearish:
- If we dip below the rising wedge
- Falling below $38,000 can lead to test the next support at $37,500 area
- The RSI is getting close to the Overbought range
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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.