Right now we have seen a correction of NAS since it's bull run, but what now?
On the 2H chart I can see a descending triangle patern. I've used RSI and EMA 10-20 indicators.
The RSI is currently around 50 and the price is just below the EMA 10 and EMA 20 which isn't bullish. Either 2 scenario's will happen.
Scenario A: Triangle pattern breaks and we might see a trend bouncing on the resistance (736 satoshis)
Scenario B: Triangle pattern breaks at the bottom and we go back to the support line (545 satoshis) where we will bounce of..
I think we will see scenario B, might be all wrong tho!
What do you think?
Salamat.
I'm a ROOKI in TA and still learning, please feel free to correct me or send feedback.
THIS IS JUST ME SHARING MY IDEA AND THIS IS NOT FINANCIAL ADVICE
On the 2H chart I can see a descending triangle patern. I've used RSI and EMA 10-20 indicators.
The RSI is currently around 50 and the price is just below the EMA 10 and EMA 20 which isn't bullish. Either 2 scenario's will happen.
Scenario A: Triangle pattern breaks and we might see a trend bouncing on the resistance (736 satoshis)
Scenario B: Triangle pattern breaks at the bottom and we go back to the support line (545 satoshis) where we will bounce of..
I think we will see scenario B, might be all wrong tho!
What do you think?
Salamat.
I'm a ROOKI in TA and still learning, please feel free to correct me or send feedback.
THIS IS JUST ME SHARING MY IDEA AND THIS IS NOT FINANCIAL ADVICE