Demand Line & Support Line Hit at $29,990, Waiting for Breakout
Diupdate
As a follow up from yesterday in this re-accumulation pattern, it appears that the shakeout has occurred, hitting both a support line and demand line intersecting at $29,900. Then, a secondary test of the supply line occurred. We will wait for the breakout (JAC) and backtest (BUEC) confirmation to happen above the fib extension mentioned yesterday before experiencing a new ATH. Moreover, there appears to be hidden bullish divergence according to the MACD. RSI appears poised to push upward on the 4 hr and the daily (barely). And we wait. Thoughts?
Trading ditutup: target tercapai
The $41300 target has been achieved! Now we wait for the next major re-accumulation phase.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.