Fractanomics

Fractanomics Updated 

📈 Daily Timeframe Highlights: RSI Movement: RSI is crossing above the 13 and 55 SMAs. First Resistance Zone: Approaching around the S2 Quarterly Pivot Point. Potential Target: The price could reach the second resistance zone, coinciding with the arrival of the 55 SMA at that level. The RSI is crossing above both the 13 and 55 SMAs. With the price...

Fractanomics

We are currently developing the impulse (wave C). The 13 MA is below the 55 MA, indicating a slowdown in the movement. In the RSI Difference indicator , the RSI is between the 13 and 55 SMAs and has failed to surpass the 55 SMA, signaling the continuation of the wave C. The final confirmation for this movement will be the 55 EMA turning downward. 🔍 Insights...

Fractanomics

We are still, at the very least, in a retracement of the last impulse. The RSI is surpassing the uptrending 13 and 55 MAs, which indicates that the price may reach the 55 MA. Due to the weekly structure, it is most likely that the price will break those levels and reach the next resistance (the pivot point at 113.x). We might observe an accumulation/distribution...