Hate to keep doing this on every non-eventful day, but just an update from my last post:
Nothing changed, still bullish with 50240 target, stop loss 41000. I laid out the 2 most likely scenarios last week and scenario 1 playing out exactly as expected - finding support at the range breakout level (also has EMA 34,55 support here); stochastic overdone.
Expect bounce from here to test the longer term trendline resistance (old support) around 46k-48k, a break above that will send it to target.
Obviously if this current level does not hold and it falls below 41k it’s a “close long”.. obviously not financial advice. Have fun, quit getting so excited we in a nap zone. Love ya.
Nothing changed, still bullish with 50240 target, stop loss 41000. I laid out the 2 most likely scenarios last week and scenario 1 playing out exactly as expected - finding support at the range breakout level (also has EMA 34,55 support here); stochastic overdone.
Expect bounce from here to test the longer term trendline resistance (old support) around 46k-48k, a break above that will send it to target.
Obviously if this current level does not hold and it falls below 41k it’s a “close long”.. obviously not financial advice. Have fun, quit getting so excited we in a nap zone. Love ya.
