Sorry for the messy Chart, i'm gonna explain it to you.
We are currently experiencing the weekly candle trying to break out, from the 20 DAY Moving Average (Red Circle).
If that breakout gets confirmed (means the next two days will not sell off under the 20 Day Moving Average, we got a confirmed breakout, which opens a new Gap to 75$.
At the Level of 75$ we will consolidate or dip a little because also the 50 Day Moving Average (The red line which the green arrow points at) will line up perfectly with the resistance level, which means its gonna be a major resistance.
If we breakout from the 75$ Level, even bigger bullish potential - but i will share my chart again if that happens!
Good Luck trading.
We are currently experiencing the weekly candle trying to break out, from the 20 DAY Moving Average (Red Circle).
If that breakout gets confirmed (means the next two days will not sell off under the 20 Day Moving Average, we got a confirmed breakout, which opens a new Gap to 75$.
At the Level of 75$ we will consolidate or dip a little because also the 50 Day Moving Average (The red line which the green arrow points at) will line up perfectly with the resistance level, which means its gonna be a major resistance.
If we breakout from the 75$ Level, even bigger bullish potential - but i will share my chart again if that happens!
Good Luck trading.
Kommentar:
First Target✅✅