Expecting price movement inside expanding wedge within upcoming next months to form bearish divergence and revisiting 7600 price level area, to make another motive impulse leg up
SHORT accumulation area 8400-8300-8200-8100
Fix them in long-accumulation area:
LONG accumulation area 7400-7500-7600-7700
Targeting 8200-8400-8600-8800 and more
This is my first ever analysis in Trading View. I am starting with something that has the most importance from my point of view.
I have done this analysis on Nasdaq composite index, but pretty much all the share markets look similar. I have been n Crypto for about 6 years and have seen 3 cycles of creation and bursting the bubble. You might have...
The 0.618 Fib was providing resistance for awhile but price actions has burst through it with good volume. No price is stoping at the 200 MA. I think it is temporary and we will be testing 7600 before the end of the week.
This fine weekend I bring you this interesting data while looking at 50-day moving average of IXIC:
Probability of markets SPX declining in the next two months following NASDAQ breaking above its 50-DMA is 75% (n=13) with average return of -3.53% (sorry for not including SD) with performance in the first month being more or less random.
So, will february and march...