Last night we broke out of the short term downtrend line and now still going up with support of the short term up trend line from decemeber 4 as talked about yesterday, will link yesterdays below. Now it gets me wondering if yesterday played any significant or we still gonna go lower.
Bearish look we are still in a long term downtrend channel, yet bullish we are above the downtrend line from 14k. As of now new trading zone is 7201-7240 roughly. My goal is us to find support at 7201 which as of now we hit it 5 times with the red candle hitting 7240 than getting bounced off of 7201 as seen above.
I'm still gonna long it and to determine if we are out of this mini bear market is a retest of 7562, the head of the double top that took us too 7079 before finding support at 7121 which we tested that 4 times. Than if we could break out of the downtrend channel which is getting smaller every hour, but as of writing this it sits around 7562 roughly and gets smaller every hour as we scaling up the short term uptrend line.
Major resistance might be found at the hourly emas, yet there isn't much vpvr trading atm in where they sit at until the supports/resistance as I talked about above.
Again good luck and hopefully 6500 was the bottom of our mini bear market adn 7079 being the final flush out.
Bearish look we are still in a long term downtrend channel, yet bullish we are above the downtrend line from 14k. As of now new trading zone is 7201-7240 roughly. My goal is us to find support at 7201 which as of now we hit it 5 times with the red candle hitting 7240 than getting bounced off of 7201 as seen above.
I'm still gonna long it and to determine if we are out of this mini bear market is a retest of 7562, the head of the double top that took us too 7079 before finding support at 7121 which we tested that 4 times. Than if we could break out of the downtrend channel which is getting smaller every hour, but as of writing this it sits around 7562 roughly and gets smaller every hour as we scaling up the short term uptrend line.
Major resistance might be found at the hourly emas, yet there isn't much vpvr trading atm in where they sit at until the supports/resistance as I talked about above.
Again good luck and hopefully 6500 was the bottom of our mini bear market adn 7079 being the final flush out.
Commento:
Retest 7379* that was the head of the double top
