As you can see by the linear regression, we could fall as low as approx. $60 and still be perfectly ok. It does not mean that we have to fall to $60, it is simply just something to acknowledge as a potential outcome, if only a wick. Can't rule anything out anymore around here.
From the volume profile we can see that $100 is relatively untested, and I honestly imagine we're going to want to see what buyer interest is around those levels.
If we happen to move through $100, we have known support and larger buyer interest around $60.
For now, we might get some relief.
From the volume profile we can see that $100 is relatively untested, and I honestly imagine we're going to want to see what buyer interest is around those levels.
If we happen to move through $100, we have known support and larger buyer interest around $60.
For now, we might get some relief.
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Better view of the volume profile
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weekly BB lower band @ 77$
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RSI diverging from MA currently still.
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Bottom Finder & RSI/EMA suggest a new bottom is starting, however it is valued at -74/100 so there is room to continue.
And here is a Daily view so others can see just how I use the bottom finder & RSI in conjunction with one another to find bottoms. Simply apply normal RSI rules of divergence/convergence with a short term EMA for signals.
And here is a Daily view so others can see just how I use the bottom finder & RSI in conjunction with one another to find bottoms. Simply apply normal RSI rules of divergence/convergence with a short term EMA for signals.
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OBV remains pointed downward. ADX suggest bears gaining power, but signal line could be starting to flatten out.
ANd absolutely INSANELY enough, the Chaikin MF JUST entered negative territory. I'm actually very surprised by this, suggesting sell pressure is just getting started???
MACD bullish cross looks very short lived as it is now harshly angled downwards.
ANd absolutely INSANELY enough, the Chaikin MF JUST entered negative territory. I'm actually very surprised by this, suggesting sell pressure is just getting started???
MACD bullish cross looks very short lived as it is now harshly angled downwards.
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3D MACD not looking good.
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Potential Head & Shoulders on the 30m. Pivot is @ 130, R1 @ 160.
Potential Head & Shoulders on the 30m. Pivot is @ 130, R1 @ 160.
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Target would be 150 area if completed. I'd expect to break through, retest neckline then continue upwards.
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In the interim only, not a long term idea here.