Short

Pullback from $50k - Bearish Ascending Wedge

Aggiornato

Looking for the Ascending Wedge to play out as a bearish signal before seeing more ATH gains.

Nota

Orange 4H Trendline is a more likely buy zone (yellow box).
Worst case scenario is a buy zone (green box) previous price support (gray dash line) from January 9th.

Nota

If we don't see new highs touching 50k then this is more of a flat top Ascending Triangle which is bullish. If so, we should not see prices hitting higher than 49k.

Nota

I think the next big push will be 4-7 hours from now. I could see it happen closer to London day break which is actually at the 7 hour mark.

Nota

If the Wedge has any strength to the bearish signal then the price should start taking another push down from here at $48,600.

Nota

Chart update on 1H and 15m

Nota

Well the structure was definitely not what was expected, but I think the $42,000 price line is still in play.

Bonavest

Anche su:

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.