Twitter - TWTR Technical Analysis - Hold For Now.
Using a Weekly chart you can notice that prices have been moving horizontally, not a proper trend.
With a daily and 4h chart, a start of an uptrend (Bullish behaviour) might be found. Unfortunately, the bullish trendline can not be considered so it has been tested only 2 times.
Best option is to HOLD, as both up and down option are available.
This Market, is mainly influenced by Fundamental
Option 1 only if the resistance level of 50 USD will be broken
Option 2 - testing the amended trendline around 32 - 33 USD and if this level will not be broken it can be a signal of buying
Option 3 - Testing the possible trendline at 23.5 USD. If it will not be broken, it can be seen as buying signal.
With a daily and 4h chart, a start of an uptrend (Bullish behaviour) might be found. Unfortunately, the bullish trendline can not be considered so it has been tested only 2 times.
Best option is to HOLD, as both up and down option are available.
This Market, is mainly influenced by Fundamental
Option 1 only if the resistance level of 50 USD will be broken
Option 2 - testing the amended trendline around 32 - 33 USD and if this level will not be broken it can be a signal of buying
Option 3 - Testing the possible trendline at 23.5 USD. If it will not be broken, it can be seen as buying signal.
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