CHINA/KOREA a healthy pullback?
Looking to the 4 hr chart from my perspective Today & Yesterday Fib level 4217 confirms resistance as it has been reported while back over my weekly/daily study
The actual Trend is unfolding price action within a uptrend "broad channel" where in technical analysis the broader the channel the longer in time the movement will persist.
Ichimoku configuration has all the stars lined up for the Bull to push movement thru the 4217 first target 4600. My trading Strategy is reported on my weekly study Longs where opened and added at 3980 with stop at price.
On a good note ...compare chart-wise the China factor to Korea yesterdays reaction...way less trend length... even if Korea has more exchanges and crypto traders into this game...definitely this can be interpreted as a sign of strength.
Bears.... Level 4330 is the turning point for the bullish structure to reverse as per now shorts can be taken only on small timeframe study charts...
Looking to the 4 hr chart from my perspective Today & Yesterday Fib level 4217 confirms resistance as it has been reported while back over my weekly/daily study
The actual Trend is unfolding price action within a uptrend "broad channel" where in technical analysis the broader the channel the longer in time the movement will persist.
Ichimoku configuration has all the stars lined up for the Bull to push movement thru the 4217 first target 4600. My trading Strategy is reported on my weekly study Longs where opened and added at 3980 with stop at price.
On a good note ...compare chart-wise the China factor to Korea yesterdays reaction...way less trend length... even if Korea has more exchanges and crypto traders into this game...definitely this can be interpreted as a sign of strength.
Bears.... Level 4330 is the turning point for the bullish structure to reverse as per now shorts can be taken only on small timeframe study charts...
Level 4217 and Lower Channel support holding the bull on his feet...