IS THIS THE HEALTHY UPTREAD?Weekly Time-frame
We are currently above Ichimoku Cloud but not yet confirmed. Still this is a Bullish Scenario. Bullish Relative Strength Index (RSI), Bullish Awesome Oscillator (AO). Rejection Area of $45,806 & $48,008. Support is in $43,971.
1D Time-frame
Huge green volume candle right there in AO. Area of rejection is still in $45,350, $48,008, and max would be $49,965. RSI is not overbought yet means there are still room for the upside. EMA 144 and EMA 233 has become a Strong Resistance. We are yet to test this resistance which is weakening and becoming a flattening slope resistance. Support is found in $44,106 & $42,624.
4H Time-frame
alternative.me
There is no sign of eminent reversal of trend yet. Greed and Fear Index remains neutral 52 (yesterday 51).
We can expect more to the upside. Rejection Area $45,653, $45,806, & $48,008. Relative Strength Volatility Variable Bands (RSVVB) staying inside the Bullish Pumping Zone. We have formed Cup & Handle price target at $53,907. RSI is overbought but doesn't matter it is normal during a healthy up-trend.
We will discuss more on the possibility on our Live. Stay tune and check with us!
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
