The strong support @ 15,35-15,5 did not hold - the sellout began. The exspected rebound to the breakoutlevel @ 15,5 also appeared (have a look @ my former analyis comments). At the moment the ultrashortterm downchanel is still present and dominant. the longtermtarget @ 12,5 is still active.
Prices above 15,5 make the chart bullish again
former analysis: www.tradingview.com/...ll-we-see-a-sellout/
Will the support hold and the bullish wedge be triggered and bought?
If yes, then the shortterm target @ the upper side will be @ EMA200 @ 16,8$.
If the strong support @ 15,35-15,50 does not hold, a fast sellout with worst case target @ 12$ could appear.
But at the Moment the CRV for Longs is phantastic. i drawed a possible Long Position into the Chart..i don`t trade it!
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Prices above 15,5 make the chart bullish again
former analysis: www.tradingview.com/...ll-we-see-a-sellout/
If yes, then the shortterm target @ the upper side will be @ EMA200 @ 16,8$.
If the strong support @ 15,35-15,50 does not hold, a fast sellout with worst case target @ 12$ could appear.
But at the Moment the CRV for Longs is phantastic. i drawed a possible Long Position into the Chart..i don`t trade it!
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.