notcoin weekly movement
after a deep corrective movement by reaching RSI over sold area it was supported and by candle 4 and 18 november broke up the descending trend line but stopped after reaching the first static resistance area made by candle 23 sep . If the price could break up the first static resistance line so it would be an important signal of turning the down trend into up trend .
studying the moving averages shows that the price is blow the 21 ema which is as the same area as the first static resistance line.
also the there is a positive divergence between price and momentum indicator that says the momentum or acceleration is increasing . so we can consider it as a positive sign for possible up trend movement.
first stop loss : the candle 18 nov
second stop loss : 4 nov candle
first target point : the candle 15 july 2024
studying the moving averages shows that the price is blow the 21 ema which is as the same area as the first static resistance line.
also the there is a positive divergence between price and momentum indicator that says the momentum or acceleration is increasing . so we can consider it as a positive sign for possible up trend movement.
first stop loss : the candle 18 nov
second stop loss : 4 nov candle
first target point : the candle 15 july 2024
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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.