I definitely don't trade this and only looked at it for 5 minutes, mainly because people are blaming Japan for our little flash crash. NKD1! demolished a handful of clear breakouts that needed backtesting and a major weekly trendline in order to get this thing some juice. Will it hold or is this just a short squeeze?
After all, they do need buyers and buyers don't buy much when they are panicking. They buy when they are euphorically bullish and there is a lot of room to the top.
Clearing $36,300 would be a step in the right direction. Until then I am on guard with all markets. The global instability is real and like it or not, Bidenomics fuckin sucks.
EDIT: you can disregrard the MACD and RSI, didn't know those were on there and frankly didn't look much at them although RSI bearish and that was a big fat false breakout of prior all time high.
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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.