We have been in this average line for 2 days now. This is of course a neutral position as it could go either way.
If the bulls do breakthrough the midline, there is potential for a decent upside in the next couple of days and maybe more in the future. The downside is if it bounces off the midline and makes a break back down to 37k.
The bears are still currently winning here for the trend, but bulls can easily flip this around the average lines.
Staying neutral and watching for now.
If the bulls do breakthrough the midline, there is potential for a decent upside in the next couple of days and maybe more in the future. The downside is if it bounces off the midline and makes a break back down to 37k.
The bears are still currently winning here for the trend, but bulls can easily flip this around the average lines.
Staying neutral and watching for now.
