Sticking with the same chart this week as I posted last week.
Price broke through the black bearish trend line and retraced back to the line, which so far has held as support. With the price staying above the trend line, the bulls maintain control of the near-term trend.
Momentum is easing back, but market sentiment remains as a "buy on dips" near the trend line scenario, or ~$6400.
Protective stop should be placed on a new low under $5800. If support holds the upside objective has a nice look to it!
Thoughts?
Price broke through the black bearish trend line and retraced back to the line, which so far has held as support. With the price staying above the trend line, the bulls maintain control of the near-term trend.
Momentum is easing back, but market sentiment remains as a "buy on dips" near the trend line scenario, or ~$6400.
Protective stop should be placed on a new low under $5800. If support holds the upside objective has a nice look to it!
Thoughts?
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.