Long
Price hugging 50 period ema, expect a breakout
On the 4 hour chart, the price is tightly consolidating closely to 50 ema. We can expect a breakout to the upside here. But if it breaks down, it may find support around 100 ema. Long period of consolidation after bull trap is a sign for another great rally.
Trade active
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.
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.