EMA 100/200 replaces death cross MA 50/200 for me. Only faster. So price is holding below the level and the bad crosses are pressuring it from above. At the same time there is deteriorating market conditions, bad expectations for SP500, a key rate hike, and also oil is threatening to finally go into a correction. That's why I don't see the possibility of breaking through the level upwards in any significant way yet. A test of 29K support is waiting for us. And do not think that a guaranteed reversal to ATH is waiting for us there. That's where we will finally look around.
I will put some short orders from 38500 to 49900 for luck.
I will put some short orders from 38500 to 49900 for luck.
Note
And then there's something else on 3day. Note
One mistake, of course, 38500 to 39900 for luck. Thx.Note
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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.