ive noticed the market tends to consolidate around the 50 MA untill until the 200 MA catches up bouncing the trend to new highs.
possible consolidation between 2090 and 2060 zone until the price catches up to the 200 MA we will ether see new highs or a break down.
i expect continued volatility for the next month or 2 but its very possible the trend can still continue bullish and make new highs
ill link 2 charts provided by codypd that can shine some more light on this.
tradingview.com/v/tNBAPfX5/
possible consolidation between 2090 and 2060 zone until the price catches up to the 200 MA we will ether see new highs or a break down.
i expect continued volatility for the next month or 2 but its very possible the trend can still continue bullish and make new highs
ill link 2 charts provided by codypd that can shine some more light on this.
tradingview.com/v/tNBAPfX5/
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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.