Using a number of sources, it seems the area marked (btw 8000 to 8300) can potentially be a good entry point for a $700 gain.
Reasons:
> Previous resistance and then support range
> Buying Volume average (strong support) in May-June was $8000
> Buying volume average in late Sept to mid October was $8300
> Psychological number, $8000
> Fib Fan support line
> Bottom support base trend line
> Fib, Circle acting as resistance could potentially be broken here
> Seems to be equating bottom of RSI and stochastic indicators on the daily chart
> Confluence with weekly 50 EMA range
Also fits into the Macro going long formation as per this post
Weekly chart
Reasons:
> Previous resistance and then support range
> Buying Volume average (strong support) in May-June was $8000
> Buying volume average in late Sept to mid October was $8300
> Psychological number, $8000
> Fib Fan support line
> Bottom support base trend line
> Fib, Circle acting as resistance could potentially be broken here
> Seems to be equating bottom of RSI and stochastic indicators on the daily chart
> Confluence with weekly 50 EMA range
Also fits into the Macro going long formation as per this post
Weekly chart
Catatan
Looking at the chart today, still not comfortable to go in.I would like to see a open and close candle above the daily 50 MA.
Catatan
Using fib circle, we can observe the real wedge pattern. Still within the formation Catatan
Still patiently waitingCatatan
Referring to the RSI, Stochastic, its not low enough which I thought would equate to this region. Hence I'm looking towards a slightly lower price. 7570-7770Catatan
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.