Good afternoon traders,
If this move happened on ANY other day than the weekend I'd be over the top bullish and suggest $50,000 is about to break HOWEVER funding is currently 0.3750 (this means shorts are being paid and a high amount, which also means people are fomo'ing into this move PLUS its a Sunday so I'm expecting some downside to shake out the weak hands.
Target: $45,555 - $46,777
0Will provide attachments to this post as price action further develops over the course of the next day or two.
Please get this technical analysis to 30+ likes to unlock more content from this channel as it helps new traders find my page! 👍
If this move happened on ANY other day than the weekend I'd be over the top bullish and suggest $50,000 is about to break HOWEVER funding is currently 0.3750 (this means shorts are being paid and a high amount, which also means people are fomo'ing into this move PLUS its a Sunday so I'm expecting some downside to shake out the weak hands.
Target: $45,555 - $46,777
0Will provide attachments to this post as price action further develops over the course of the next day or two.
Please get this technical analysis to 30+ likes to unlock more content from this channel as it helps new traders find my page! 👍
Trade active
$34,222 isn't out of the cards either if $45,555 - $46,777 doesnt hold as support, and we see an s/r flip into resistance. which is a possibility because we havent retested the trend line yet, and seems like a good area of interest / potential buy zone (demand)
Trade active
$42,222 old resistance, new support? (AOI)
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Disclaimer
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.