A bit of bullish action overnight but still work to do with a couple resistances nearby for the bulls to break.
We have a green day forming, trying to confirm our higher low on the daily has been set,
but we need to see further follow through and breaks of these highlighted resistances.
We continue to see "attacks" from bears about this China news as last night some websites were forged trying to make it seem the ban in China was official.
This lead to dumps in Chinese exchanges that quickly bounced as photoshop was exposed.
pbs.twimg.com/media/DJg2B2cU8AAv1Rm.jpg
Bulls are trying to put this news behind them and recover, as it continues to get priced in over the last few days.
We have a green day forming, trying to confirm our higher low on the daily has been set,
but we need to see further follow through and breaks of these highlighted resistances.
We continue to see "attacks" from bears about this China news as last night some websites were forged trying to make it seem the ban in China was official.
This lead to dumps in Chinese exchanges that quickly bounced as photoshop was exposed.
pbs.twimg.com/media/DJg2B2cU8AAv1Rm.jpg
Bulls are trying to put this news behind them and recover, as it continues to get priced in over the last few days.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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.