Very tough call right here, very hard choice for a short term trader.
On the one hand it just missed the 200 SMA and came up just short on the RSI so a $20 drop right here would be perfect. But on the other hand there was some nice volume on the turn from $371 and the Overbought condition has been cleared.
Look for a break of $400 to jump on the next up move. Keep an eye on one more small down move to touch the 200 SMA for a reversal around $365 And a drop below the 200 SMA would imply a larger pullback down to $340 or so.
But ultimately the bulls won and your forecast turned out to show the real move. While after being bearish yesterday tradingview.com/v/QZeGcIra/ I had to create a new bullish forecast today: tradingview.com/v/GEo2mulE/
ChartArt
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You even nailed in your analysis / forecast the area where the price later moved up. Excellent job :)
Screenshot from today based on your chart from yesterday:
ToneVays
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Thanks ChartArt, it's such a challenge getting something right when so many eyes are watching... i love doing it but this is not a full time gig yet so doing my best when ever i get a chance. You can follow my Detailed Analysis series on CoinTelegraph, here is my profile there:
cointelegraph.com/authors/tone_vays
Thanks again for taking the time to comment
Xman
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Great work!
Maddie
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More sideways for now, we need to build more momentum to break the resistance again :)
But ultimately the bulls won and your forecast turned out to show the real move. While after being bearish yesterday tradingview.com/v/QZeGcIra/ I had to create a new bullish forecast today: tradingview.com/v/GEo2mulE/