Hello again to my Friends, Traders and Interested,
my past TA was quite good and showed well what has happend the past days. We are again in a bearish trend. As you can see in the chart, we crossed three times a possible uptrend support line ( pink). Now, due to the often seen weekend pushings, I expect a little rebound, as seen throughout the past outbreaks. But again maximal half the actual outbreak. This could bring the price back to around 9000. But this would only happen, if we will see a quick rebound from the actual price. Otherwise we might directly again fall down to around 8350. If this price will not hold, we could go down to 8100 and than to 7400.
Okay, as always, no trading advice, just educational.
Trade all safe and your own risk.
Best whishes to all, Sascha
I will post a closer look at the chart ( to show the retests of the past outbreaks from the pink downtrend support lines) in the following minutes.
my past TA was quite good and showed well what has happend the past days. We are again in a bearish trend. As you can see in the chart, we crossed three times a possible uptrend support line ( pink). Now, due to the often seen weekend pushings, I expect a little rebound, as seen throughout the past outbreaks. But again maximal half the actual outbreak. This could bring the price back to around 9000. But this would only happen, if we will see a quick rebound from the actual price. Otherwise we might directly again fall down to around 8350. If this price will not hold, we could go down to 8100 and than to 7400.
Okay, as always, no trading advice, just educational.
Trade all safe and your own risk.
Best whishes to all, Sascha
I will post a closer look at the chart ( to show the retests of the past outbreaks from the pink downtrend support lines) in the following minutes.
Comment:
here the closer look:
