This week is weekly 24.12.2018 nearing the end of 2018 (31.21.2018). Last week's high price was recorded around $1265 and this price looks very close to the Red MA. referring to the main chart approach above, is the price already at the peak ?
From my technical point of view, referring to this Chart approach, the price still has the opportunity to continue its increase to the weekly 14.01.2019 or 04.02.2019. But need to be aware, if this weekly closing produces a reversing candle, most likely $1265 is the peak price. Therefor, at least this week's price should break $1265 or not close below $1255/50 to continue its increase to the weekly 14.01.2019 or 04.02.2019.
HAPPY NEW YEAR 2019
--ooOoo-- From The Desk Of NewBie --ooOoo--
From my technical point of view, referring to this Chart approach, the price still has the opportunity to continue its increase to the weekly 14.01.2019 or 04.02.2019. But need to be aware, if this weekly closing produces a reversing candle, most likely $1265 is the peak price. Therefor, at least this week's price should break $1265 or not close below $1255/50 to continue its increase to the weekly 14.01.2019 or 04.02.2019.
HAPPY NEW YEAR 2019
--ooOoo-- From The Desk Of NewBie --ooOoo--
