The current scenario:
1. Price action is still running in the double-bottom pattern as seen on the 6HR chart. The neckline is at about 10.5K and this is the third attempt trying to break it on the 6HR chart.
This may actually prompt a bigger initial breakout as the next level of resistance above 10.5K is 6HR 50 moving average currently at about 10.6K. If this moving average comes down to about the neckline level or below, price action can break both of these resistances at once, so there would be less of a block once it breaks out. Assuming this case plays out, the next level of resistance after the break out would be the daily 21 moving average which is currently curving down at the moment is slightly above 10.9K.
*These are purely my speculations and not financial advice. You should also do your own due diligence before trading or investing.
1. Price action is still running in the double-bottom pattern as seen on the 6HR chart. The neckline is at about 10.5K and this is the third attempt trying to break it on the 6HR chart.
This may actually prompt a bigger initial breakout as the next level of resistance above 10.5K is 6HR 50 moving average currently at about 10.6K. If this moving average comes down to about the neckline level or below, price action can break both of these resistances at once, so there would be less of a block once it breaks out. Assuming this case plays out, the next level of resistance after the break out would be the daily 21 moving average which is currently curving down at the moment is slightly above 10.9K.
*These are purely my speculations and not financial advice. You should also do your own due diligence before trading or investing.
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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。