Hi Folks,
As if NFT was going hard lately.. last days we are a little relaxing...
This Theta/USDT chart doesn't make it easy to do some technical analysis..
At the daily chart we have seen a ' death cross' on the 23th of July. Prices made a decline and since then we act in a trading range..
Notice all the price action at the $6.- This has been acting several times as a strong support line..
The test of the trend line is in conjunction of the $6.- support line.. If you ask me that's a ' high probability' for higher prices to break out
But be aware because I am a really big fan of candlesticks and what they do tell us.. man that's astonishing. What I see is a lot of indecision in the latest bars/doji's.
Plus the position where they appear is really important.
This Theta can go either way... as the whole crypto is in a trending market now we assume the NFT's will soon follow.
But as we look closely to the Technicals we have to be aware of some danger...
Just use a good stop loss.
But be positive we will make some gains in the future, soon!
As if NFT was going hard lately.. last days we are a little relaxing...
This Theta/USDT chart doesn't make it easy to do some technical analysis..
At the daily chart we have seen a ' death cross' on the 23th of July. Prices made a decline and since then we act in a trading range..
Notice all the price action at the $6.- This has been acting several times as a strong support line..
The test of the trend line is in conjunction of the $6.- support line.. If you ask me that's a ' high probability' for higher prices to break out
But be aware because I am a really big fan of candlesticks and what they do tell us.. man that's astonishing. What I see is a lot of indecision in the latest bars/doji's.
Plus the position where they appear is really important.
This Theta can go either way... as the whole crypto is in a trending market now we assume the NFT's will soon follow.
But as we look closely to the Technicals we have to be aware of some danger...
Just use a good stop loss.
But be positive we will make some gains in the future, soon!
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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.