The price formed a triangle pattern, showing that not the bulls neither the bears are in control. The trend will be identified when the price breaks out of the triangle.
Long: The price retesting the bottom trend line of the triangle and then breaking out to around $11140 levels. There if the bears don't show any resistance we are heading up to 12000 which will be a tough barrier to break.
Short: The price falling from the triangle would mean that we will get to the 10000 levels that serve as psychological support.
We can see that the RSI is in a slight uptrend idicating on a long position but I would suggest waiting for the candle confirmation on either way from the triangle. Look for great alts in the meantime.
Trade with your own risk
#TradesBySheriff
Long: The price retesting the bottom trend line of the triangle and then breaking out to around $11140 levels. There if the bears don't show any resistance we are heading up to 12000 which will be a tough barrier to break.
Short: The price falling from the triangle would mean that we will get to the 10000 levels that serve as psychological support.
We can see that the RSI is in a slight uptrend idicating on a long position but I would suggest waiting for the candle confirmation on either way from the triangle. Look for great alts in the meantime.
Trade with your own risk
#TradesBySheriff
交易進行
Breakout! The bulls are in control.
When everyone sold, the cat bounced. NFA!
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When everyone sold, the cat bounced. NFA!
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。