Needs to break out 7k range decisively else..... IMO a bull trap
Updated
Small break out, low volume. might be a bull trap. lets wait and see. RSI shows that its overbought ( 4hourly )
Unless can make it to 0.5, $7275 range with conviction.
Original count still remains to fall to lower 5k range.
Unless can make it to 0.5, $7275 range with conviction.
Original count still remains to fall to lower 5k range.
Note
8 Hrly RSI above 70. MACD flattening out. May hit 7300 range before dipping downwards.Note
heavy resistance expected 7800 range -8k. As long as no decisive breakout above these key points, i'm still bearish.
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.