We have been hovering above 11,000 for a couple of days now. So this is very likely to be our short term support. The next resistance for
B
to clear is 11,700 tonight. Signals indicate that we could reach 11,700 before a small correction to somewhere around the 11,000 support. Prices seem to be unable to cross the psychological barrier of 11,500 and it will be the case for the next couple of hours.
Disclaimer
This post and ALL (previous and future) posts are purely for entertainment purposes only. The owner of this post is not a lawyer, accountant, financial advisor, investor or pastor. All the comments here are personal opinions belonging to peace-loving, Zen-like individuals. Any advice and opinions here should be taken with a grain of salt and should not be relied upon for any individual circumstances.
B
to clear is 11,700 tonight. Signals indicate that we could reach 11,700 before a small correction to somewhere around the 11,000 support. Prices seem to be unable to cross the psychological barrier of 11,500 and it will be the case for the next couple of hours. Disclaimer
This post and ALL (previous and future) posts are purely for entertainment purposes only. The owner of this post is not a lawyer, accountant, financial advisor, investor or pastor. All the comments here are personal opinions belonging to peace-loving, Zen-like individuals. Any advice and opinions here should be taken with a grain of salt and should not be relied upon for any individual circumstances.
Comment:
Finally we have cleared the 11,400 minor resistance zone (again). However, it stopped short of the 11,700 major resistance line at 11,600.
I think we have one last round of fire power left to propel between 11,600 - 11,700 before coming down to 11,000 afterwards.
Take my advice with a pinch of salt.
Finally we have cleared the 11,400 minor resistance zone (again). However, it stopped short of the 11,700 major resistance line at 11,600.
I think we have one last round of fire power left to propel between 11,600 - 11,700 before coming down to 11,000 afterwards.
Take my advice with a pinch of salt.
Comment:
Unfortunately, it seems like the fire power pre-matured.
Unfortunately, it seems like the fire power pre-matured.
Stochastic RSI (15) channeling in the mid-channel. Crossover in the mid-channel hinting of an incoming up move but more of a short burst rather than anything else. The next few hours will determine whether we hit 11,700 and cross it or not.
I am also not ruling out that we might come down to < 11,000 after we hit 11,700.