The price seems like stuck below the kijun (purple line), which is proving the weakness of the bulls and their lack of motivation to try to reverse the trend at this level. The next key support is the 150$ area and then the 100$ area.
There is a little possibility for a bullish outcome if the price finaly cross the kijun and close above, the cloud resistance is weak and can lead to a price of 250$
According to this lecture, i m advising to follow the trend and jump in the bloody train as soon as 200$ is broken again, not before.
Comments
wheredagoldat
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Great chart. I missed this great play, but I like your read on this move. Keep posting :)
LeMogwai
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thanks !
TereMius
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Hey, do you think this run up is over yet? There are some big bullish signals and momentum looks good for another leg at least
F.U.
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A move to 120 would be plausible if we were to retest last bottom
MoonTrader
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We've already hit the $150 area.
mxlian
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Hi, what would mean to "jump in the bloody train"?
LeMogwai
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jump in the bloody train => short it to the ground and watch your money growth exponentially ;)