Weekly Time-frame
We are now trying to fill the long wicks to the upside. We are still inside Ichimoku Cloud. Greed and Fear index today is at #27 which is fear. Our correction today reach up to $39,400 which is our Tanken Sen Support and bounce right away to the upside. Awesome Oscillator (AO) still Bearish Saucer.
1D Time-frame
Bullish AO. We are now finding support in the Cloud at $40,767, once broken we are forming a lower high a descending triangle breakout to the downside. Bouncing Area of $39,400.
4H Time-frame
We found resistance in $41,000 once we flip it, it will be the next support as we are in the rally. once we get rejection we can expect more to the downside,. Next support is at $40,246, $39,900 top would be at $41,687 then goes down again for correction.
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1D Time-frame
4H Time-frame
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
