Looking to see pricer continue its current downward momentum.
Price closed last week at weekly support turned possible resistance @ .73995, 78.6%.
Could see an initial push up as bull pressure slows, and bears take over. confirmation at the 50% level after break, will possibly open the door to short entries down to about the .72787, 127.2% level.
Alternative: price could break trend line, and be carried up by 20ma, to test the area near the 200ma, before continuing downward. So a possible long before the short, might take place
Price closed last week at weekly support turned possible resistance @ .73995, 78.6%.
Could see an initial push up as bull pressure slows, and bears take over. confirmation at the 50% level after break, will possibly open the door to short entries down to about the .72787, 127.2% level.
Alternative: price could break trend line, and be carried up by 20ma, to test the area near the 200ma, before continuing downward. So a possible long before the short, might take place
Note
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.