I've always found it hard to understand the chart for the bears as I am naturally bullish.. The inverted chart can give us a better feel of how the bears are doing. As you can see the bears have formed an arc of resistance and a big move is coming. Volatility and volume is decreasing. 9800 area is a significant area and perfect coincides with fibonnaci resistance. If the bulls are able to break through 9800 then we can expect a market rally, but with the fundamentals of the economy being weak because of corona virus be careful longing!
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That is all for this analysis. If you guys think this analysis is correct please hit the thumbs up button and follow me for more analysis in the future!
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Check out my portfolio. : www.youtube.com/watch?v=9tZSK_1M...
Trade attivo:
Dropped $100. But still waiting for that massive rug pull.
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youtu.be/KhoJlAK1XUs
Check out my TA and my portfolio's performance thus far here:
youtu.be/KhoJlAK1XUs