We've some pretty good reasons to *HOPE* price won't badly fail the test of SMA100/W, a key level.
Are we in (C) already ? Then a successful test of such support may pave the way up.
[ This is an educational exercise on weekly MA, not a trading advice. Take it with grain of salt ]
Are we in (C) already ? Then a successful test of such support may pave the way up.
[ This is an educational exercise on weekly MA, not a trading advice. Take it with grain of salt ]
코멘트:
Like it if you enjoy, will post more eventually.
코멘트:
Well, about 2 weeks later it's still a viale scenario.
Bulls shoud try to play it bu looking for a morning star on the weekly.
Meaning a weekly close around / over 8900-9000$ on sunday.
Too soon to say, just some hypothesis you may want to consider.
As usual, take it with some grain of salt, further confirmations are needed.
Bulls shoud try to play it bu looking for a morning star on the weekly.
Meaning a weekly close around / over 8900-9000$ on sunday.
Too soon to say, just some hypothesis you may want to consider.
As usual, take it with some grain of salt, further confirmations are needed.
코멘트:
Well, no morning star and price still at support.
What a waste.
Risky area.
What a waste.
Risky area.
코멘트:
Idea still valid, 3 weeks later.
Yet bulls should start pushing soon, or momentum will vanish ( see shorter MAs ).
We'l see,
Yet bulls should start pushing soon, or momentum will vanish ( see shorter MAs ).
We'l see,
코멘트:
SMA100/W broken.
If 7200$ holds this scenario may still apply, but fo that we need a strong weekly close on sunday.
If 7200$ holds this scenario may still apply, but fo that we need a strong weekly close on sunday.
코멘트:
Why 7200$ ? See my comment below.
코멘트:
코멘트:
코멘트:
Time for an update.
As you may notice price reached the blue line, MA50.
This is a key support.
Moreover, as i wrote on chart 2 months ago already, what we're waiting here is a crossover of the blue on the green.
We'll see if the bulls have the strength to do it, the validity of this scenario depends on that. I think next 2 weeks are critical, take a look also to the 'creative' idea i posted here:
As you may notice price reached the blue line, MA50.
This is a key support.
Moreover, as i wrote on chart 2 months ago already, what we're waiting here is a crossover of the blue on the green.
We'll see if the bulls have the strength to do it, the validity of this scenario depends on that. I think next 2 weeks are critical, take a look also to the 'creative' idea i posted here:
코멘트:
Please dear Blue ... cross-up that damn green ...
ASAP please
ASAP please
코멘트:
Price achieved a MA50/MA100 crossover ( blue on green ) on last weekly close.
It was well expected, since opening post.
Next step would be price drawing a bottom and pulling over MA20.
Then the latter should act as uptrend support, whereas it's resistance for now.
The breakout of MA20 happen relatively soon, or blue (MA50) will flatten and/or fall. In that case all this scenario above would be put at high risk.
I
It was well expected, since opening post.
Next step would be price drawing a bottom and pulling over MA20.
Then the latter should act as uptrend support, whereas it's resistance for now.
The breakout of MA20 happen relatively soon, or blue (MA50) will flatten and/or fall. In that case all this scenario above would be put at high risk.
I
코멘트:
MA20 is the red line ...
코멘트:
UPDATE
코멘트:
코멘트:
If you're in, just don't forget to protect your gain with a SL.
We're in a high turbulence area, way better SAFE than SORRY!
We're in a high turbulence area, way better SAFE than SORRY!
코멘트:
Time for an update, right ?
Thats it:
Thats it:
Enjoy.
Back to "serious" stuff now.