Price has bounced off the Weekly S1 and the previous resistance
level around 1.05 and is currently consolidating sideways below
the Monthly/Yearly R1 cluster 1.38-43 which is acting resistance.
Trend is bearish though the ascending SMA200 clarifies it as being
a retracement in a bullish trend. Bulls like to see a close above the
Kijun line (white line) currently at 1.3872, which could add fuel. Since
the congestion has been narrow over a few days the release of that
built up energy may cause a sharp move. A close below the 1.05 and
the SMA200 would be quite bearish and unnatural for a retracement
but there are signs of strong buyers around the 1.05. A break inside
the Cloud would be the first sign of a resumption of the uptrend.
******
If you want to support this channel check out the
profile page at the top for details. Thanks.
******
Todays_ technical view on the Total Market Cap can be seen here:
steemit.com/cryptocurrency/@wothancryptoeye/technical-view-on-crypto-market-cap-jan-12-2018
******
level around 1.05 and is currently consolidating sideways below
the Monthly/Yearly R1 cluster 1.38-43 which is acting resistance.
Trend is bearish though the ascending SMA200 clarifies it as being
a retracement in a bullish trend. Bulls like to see a close above the
Kijun line (white line) currently at 1.3872, which could add fuel. Since
the congestion has been narrow over a few days the release of that
built up energy may cause a sharp move. A close below the 1.05 and
the SMA200 would be quite bearish and unnatural for a retracement
but there are signs of strong buyers around the 1.05. A break inside
the Cloud would be the first sign of a resumption of the uptrend.
******
If you want to support this channel check out the
profile page at the top for details. Thanks.
******
Todays_ technical view on the Total Market Cap can be seen here:
steemit.com/cryptocurrency/@wothancryptoeye/technical-view-on-crypto-market-cap-jan-12-2018
******
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.
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.