$STRONG close to bottom. Or is the bottom?
STRONG is about to cross into the last accumulation zone. It will sit at this resistance level of $570 and probable break further down. I think the bottom sits somewhere between $500 and $525.
This is where you want to buy if you're looking for an entry. Is it possible that it drops lower? Only if the 55EMA crosses the 200EMA. Otherwise the price action will slowly bounce off the 200EMA (low 500ish) and consolidate for awhile.
Too early to predict if it goes lower than $500.
NOT FA/DYOR.
This is where you want to buy if you're looking for an entry. Is it possible that it drops lower? Only if the 55EMA crosses the 200EMA. Otherwise the price action will slowly bounce off the 200EMA (low 500ish) and consolidate for awhile.
Too early to predict if it goes lower than $500.
NOT FA/DYOR.
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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.