POSSIBLE SCENARIOS
We are looking @ 4H Chart wherein the Bearish Price Channel has been created.
Price must not totally Break the Important Key Level Support @ 9640 to continue the downward movement.
Things to Remember:
1. There are 2 different CME GAP in Lower and Higher Price @ 8450-8500$ zone and 10100-10400$ zone respectively.
2. Price still above the MA200
3. Price below the Ichimoku Cloud
4. Price Action indicates Oversold with the support of StochRSI and MACD
5. Price below MA20 indicating still in bearish Channel
WE are looking for REVERSAL for the Bullish Momentum for us to be back on track and target 12K$
Kindly Support my TA by Liking my post and Follow my Tradingview page.
Thanks and God bless!!!
We are looking @ 4H Chart wherein the Bearish Price Channel has been created.
Price must not totally Break the Important Key Level Support @ 9640 to continue the downward movement.
Things to Remember:
1. There are 2 different CME GAP in Lower and Higher Price @ 8450-8500$ zone and 10100-10400$ zone respectively.
2. Price still above the MA200
3. Price below the Ichimoku Cloud
4. Price Action indicates Oversold with the support of StochRSI and MACD
5. Price below MA20 indicating still in bearish Channel
WE are looking for REVERSAL for the Bullish Momentum for us to be back on track and target 12K$
Kindly Support my TA by Liking my post and Follow my Tradingview page.
Thanks and God bless!!!