Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
LONG-TERM: Resistance flipping into support with hidden bullish divergence on the 4hr and daily. (Not financial advice)
Well defined chart pattern. Weakness tomorrow will break support trend line and set the stage for the next leg down.
Two scenarios can play out here, more than likely (bullish scenario) plays out 1. (green line) we blast through 6.48 and we reach $7-8+ 2. (red line) we test 6.48 and reject... test 5.47 or 4.65 then BOUNCE BOUNCE!
MGY is in strong bearish trend in the weekly time frame. However, the stock has been establishing a good base in the daily time frame. The daily breakout was accompanied by strong volume.