Last Call before the Space Ship Take Off !?
Weekly Time-frame
Weekly TF is now continuing its trend to the upside. Don't trade against the market trend it will rekt you. Your weight is so small that sitting in the rocket ship will not change the direction of the rocket. same principle applies in the down trend do not catch falling knife or you'll get rekt. The trend is your friend until the end. our signal yesterday for long position is now already in profit. So TP when happy. RSI is in reversal trend to the upside. We have a breakout to the upside.
1D Time-frame
Awesome Oscillator is bullish, RSI is bullish we have a rally to the upside. bouncing in the support area $40,907. We might see a retest in the $42,146 once broken we can continue to the upside and target the $44,000.
Trend line resistance at $42,045 might get respected again and continues the drop but if broken we will see higher high or formation of double top.
4H Time-frame
This is a strong breakout to the upside. the RSI is showing the pump it made was exceptional. We will see if we can have the rally base and make $42,000 our next zone for the next rally to $44,000. AO is also bullish. Greed and fear index is in #26, so there is a clear passage to the upside supply is waiting at $44,000 zone. We can open short position there.
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.
1D Time-frame
Trend line resistance at $42,045 might get respected again and continues the drop but if broken we will see higher high or formation of double top.
4H Time-frame
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
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.
