I'm anticipating some sideways movement for a few hours and then the signal.
The has crossed recently and the is showing an uptrend with plenty of room for growth.
All we require now is the to back it up. Anything from 200K and more on a green candle should be confirmation of a movement and is our signal buy.
Short-term targets based on Fibonacci:
Lets see how far this goes.
Disclaimer: These ideas are intended for my own educational purposes and serves are a learning experience.
Any feedback welcome.
We are also headed for the first target, which is nice.
(1) 41450 *** TARGET REACHED ***
(2) 45000 *** NEXT TARGET ***
A resistance has formed around 40000 and a support at around 36250.
One of 2 things are expected to happen of which both require volume of at least 2-3 times the volume average:
- Either we break the resistance by closing above it and then head towards the next target,
- Or we will break support by closing below it and go back to where we started (~ 31850)
Best option for me now is just to hold.