fundamental view: in last 2 world cup 2014 and 2018 between JUN/JULY if you check out you can see market
had more positive signals for uptrend on Crypto and stock market.
also around US. election we can see same outcome. meaning this month could have same sequel.
technical view: monthly chart below shows MACD histogram is decreasing. in last periods every time that
happen market turned to bullish trend. >>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<< on weekly chart below price already retested the conversion line of Ichimoku several times
if the price could close above the line. may pump more strongly. also price managed to close
above triangle pattern for the first time of last ATH. >>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<< the main chart(daily time frame) price stuck into the ICHI cloud meaning more consolidation
moves may take in coming days before strong move up or down. also you can see price already
broke above the dynamic resistant level. ........................................................ So... if the price can close above the weekly conversion line of Ichimoku and the dynamic support level
on main chart can hold it up, there is strong chance more uptrend resume.
now if you ready to ride just saddle up.
Enjoy the market #WOMAN. LIFE. FREEDOM
Trade active
the key is dynamic support level
Trade active
expecting for more upward pressure in days coming
Note
with breaking the dynamic support level it dropped to the strong demand zone. in daily time frame it still shows bearish signs but has yet very strong chance to turn into a bull trend in days coming, let's see.
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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.