Bullish Divergences on MACD and Accumulation Distribution. Downward pressure is losing momentum, in the 1hr chart.
The rejection came with that sort of outside candle with decent volume.
The battle is fierce on that 30k level.
Still price is below its 20EMA on the 1hr, and has to break the downward trend to make a long run.
There is a possibility for a further downward correction, but for now there is a likelihood of a nice clean bounce to the upside.
Just imagine the amount of stop orders sitting below that resistance. If it breaks below, then those orders will be forced to sell, and drag price down to the lower 20kish range.
We'll see.
PS. Just an opinion, trade carefully, and do your research, don't get too excited or to depressed, keep it cool. Educate your self. Best of Best :)
A LIKE would be extremely and massively appreciated. Thanks in advance.
The rejection came with that sort of outside candle with decent volume.
The battle is fierce on that 30k level.
Still price is below its 20EMA on the 1hr, and has to break the downward trend to make a long run.
There is a possibility for a further downward correction, but for now there is a likelihood of a nice clean bounce to the upside.
Just imagine the amount of stop orders sitting below that resistance. If it breaks below, then those orders will be forced to sell, and drag price down to the lower 20kish range.
We'll see.
PS. Just an opinion, trade carefully, and do your research, don't get too excited or to depressed, keep it cool. Educate your self. Best of Best :)
A LIKE would be extremely and massively appreciated. Thanks in advance.
Note
Just FLY come on....Note
replace the word resistance by support...
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
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.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
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.