227 is key point to start shorting targeting 197 the previous major bottom -
Could fill the previous gap near 127-126
Still keeps falling but any further dump will be nice entry as most indicators showing positive bullish signals . Worth watching!
Bullish indicators - Current 6.6 Stops 5.0 Target 9.6 Strong resistance 7.5
Most of indicators are bullish except that 44.8 is Strong resistance - if close above it then it will open the gate for 49 then 56 - Other resistance near by 45.8 and 46.4 previous top) - Note: its one of the highest volatility . so strangle options or straddles will be nice ... :) Stops for longs below 38
Broken RSI MFI - Above 420 will cancel bearishness - Otherwise minimum target is 390 around 162% fib or 383 at 200% - from others side indicators are sold and going to low levels which will make it good opportunity in case drop hard to go long or quick bounce from the new bottom but as of short time looks more bearish then possible long entry for the rest of the...
Shooting star or big doji its bearish pattern on daily candles - Bearish signal can be triggered below 720 - Overbought indicators - Expected Split at 20 Jul so its risky trade to short prior to the split process but technically its overbought and can be corrected to the level of previous major breakout levels. cancel short idea above ATH Only!
Technically its better than other competitors $NIO $XPEV but RSI and MFI indicators are overbought - perhaps slow down then move up targeting 36 then 41 . Stoploss for bulls is little far away above 21 . Normally similar patterns takes weeks to arrive destinations. if broad markets pulled back then it will be nice entry above 21 There are 2 scenarios : ...
Positive divergence with all indicators showing that bearish trend is about to be ended and possibility of accumulations levels between 210-180 . Still its showing negativity for now and best case scenario for this idea is to drop below 195 to 180 for good entry for long positions targeting 247-274-300 by 2nd half of the year.
38 is previous top if it can close above it then possible targeting cloud roof at 44 - 43.8 then could target 50% fib near 50 . Stops for bulls below 32 . Note: closing above 38 only can make it bullish
The condition : Above 2.05 Current 1.88 Targets 2.5 then 4.3 Stops below 1.25
Overbought MFI but RSI still good. Friday closing was extremely bullish - Possible to consolidate between 39 and 44 before continue moving towards targeting 53 and 69 - main resistance at 48 stoploss below 39
Its new chart and needs time to consolidate but the green candle with good volume are good signs needs to claim fibo resistances stops at 24
Technically showing more bearish signals than other price bullish indicators . its not like the previous top, this time the volume entered during the ride up so this is possibility to continue up trend targeting 44.8 then back to 20s but from other side, RSI AND MFI Indicators are overbought and with spike in volume suggests target reached for some bulls and time...
Overbought with bearish daily candle.
If breakdown and closed below 124 then clear bearish signal targeting 120.6 then to be updated!