lshezcorp

lshezcorp Updated 

1) When the price touched the Gaussian band during a bull market, the price consolidates on the upper band and then it jumps up to eventually fake everyone out by dropping. For the past two cycles the price jumped 45% after first contact with the band before starting the bear market with a ruthless dip. (We have made contact with and consolidated on the upper...

lshezcorp

The chart is approaching an important Fib retracement level. Beyond this the chart is also currently coinciding with the upper band of the Algo signal. Wait for a volume-supported breakthrough and retest for a new long position. Conversely await a volume-supported rejection and open a short. Be aware of a possible fake out and bear trap.

lshezcorp

The chart has made a higher high but the RSI has made a lower high relative to the previous high on the chart. Be wise if you are deciding to go long. On the same note, bears also need to be wise because it seems that the chart is moving devoid of technicals and fundamentals. Personally, I am neutral and awaiting a decent pullback to enter a long position. All the best.