as MACD presents, the divergence between the candles and moving average volumes is obvious. the price rose almost sharply and the market needs a correction to recover the bullish trend.
there are 2 scenarios which we can consider,
First: the price will rise to near 50,000 and then correction start into the first support line.
Second: as probable head and shoulder on the chart, the price will go down to the first support line then, it could break the support or come back to the bullish trend and rise up to 51,500.
there are 2 scenarios which we can consider,
First: the price will rise to near 50,000 and then correction start into the first support line.
Second: as probable head and shoulder on the chart, the price will go down to the first support line then, it could break the support or come back to the bullish trend and rise up to 51,500.
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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.