The 50day MA has worked well in the last year for both supply and demand levels.
Notice price is correcting toward the 50dma again which also corresponds with the trendline before both of its parabolic breakouts. Between 100 - 110 is probably going to be key for dip buyers
Notice price is correcting toward the 50dma again which also corresponds with the trendline before both of its parabolic breakouts. Between 100 - 110 is probably going to be key for dip buyers
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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.