Very healthy correction to the 0.5 fib level, retracement for the rally from 6.5k bottom to 10.5k and now a nice sharp move upwards.
Considering the red waterfall we had all the way down, this move isn't all that to be honest.
Stochastic RSI and MACD show signs for some downward price action in the short-term before possibly continuing its bullish move upward.
Higher lows and highs on the micro move, for now.
In the chance we dip below our local support I would look to retrace back to the 8.5k range (0.5 fib level mentioned above). This could be the launchpad..
Manage risk and play smart, on the chance we dip further I'd look for 7.9k as potential downside target, our .618 golden ratio fib level. This would still be an ideal correction with regards to the recent rally.
Safe trading, cheers!
Considering the red waterfall we had all the way down, this move isn't all that to be honest.
Stochastic RSI and MACD show signs for some downward price action in the short-term before possibly continuing its bullish move upward.
Higher lows and highs on the micro move, for now.
In the chance we dip below our local support I would look to retrace back to the 8.5k range (0.5 fib level mentioned above). This could be the launchpad..
Manage risk and play smart, on the chance we dip further I'd look for 7.9k as potential downside target, our .618 golden ratio fib level. This would still be an ideal correction with regards to the recent rally.
Safe trading, cheers!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。