Over an 8 hour period, the price action rose to 12,100 before quickly pulling back to 11,400, indicating strong support near 11,000.
There are 3 strong indicators currently on the .
1. The is oversold and there is a crossover
2. The conversion line is crossing over the base line
3. The Chikou span is crossing upwards through the price
If the support above 11,300 is able to hold and continues increasing, we could see another leg up to 12,000 - 12,500
Bearish: If support is unable to hold above 11,300, the price action could re-test 11,000.
Bullish: If a breakout occurs, the price could break through resistance at 12,300 - 12,700
60% / 40%