TREND
According to the current wave structure, it is in the downtrend.
Characteristically, it is used to create pull and push backs after support/resistance breakout.
So we can expect similar behavior now.
It has not formed a channel yet, but a probable channel can be estimated as on the chart.
Moving Averages
The current price is under 100-day (Turquoise) (so supports downtrend)
50-day (Orange) will most likely cross 100-day (Turquoise) from up to down (powerful indicator supporting downtrend) in two weeks, unless prices exceeds 50-day.
200-day (Blue) has just worked as a support, but the next momentum is expected to be more powerful resulting a potential breakout of 200-day support.
SUMMARY
Based on this analysis, a price action following the blue arrow is highly probable.
According to the current wave structure, it is in the downtrend.
Characteristically, it is used to create pull and push backs after support/resistance breakout.
So we can expect similar behavior now.
It has not formed a channel yet, but a probable channel can be estimated as on the chart.
Moving Averages
The current price is under 100-day (Turquoise) (so supports downtrend)
50-day (Orange) will most likely cross 100-day (Turquoise) from up to down (powerful indicator supporting downtrend) in two weeks, unless prices exceeds 50-day.
200-day (Blue) has just worked as a support, but the next momentum is expected to be more powerful resulting a potential breakout of 200-day support.
SUMMARY
Based on this analysis, a price action following the blue arrow is highly probable.
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免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
