We had a scary dump below 50K only to fake out and return right back into the respectable trading zone. This was a one time opportunity for buyer to load up at 48 K to shoot for 60K.
Presented is a one hr technical analysis. We see confirmed support with a pivot at 51900.00.
Our MACD/SIGNAL are completing the initial cross while RSI is popping out of the oversold zone. I also added the super trend to verify a change in trend once a bullish bar touch the sell trend line (red). Naturally our buy trend will be triggered (green line).
Please comment with thoughts and ideas. Thank you.
Presented is a one hr technical analysis. We see confirmed support with a pivot at 51900.00.
Our MACD/SIGNAL are completing the initial cross while RSI is popping out of the oversold zone. I also added the super trend to verify a change in trend once a bullish bar touch the sell trend line (red). Naturally our buy trend will be triggered (green line).
Please comment with thoughts and ideas. Thank you.