Price is still in markdown phase
X line is the major trendline and Y is the internal trendline.
Points A, B, C, D and E are major important lows with the corresponding volume.
Chinkou span line has been making lower - low NB: Indicating price is still in markdown phase.
Kinjun-sen line has moved downward.
New trading range defines $7,395 - $ 12,000, pick from weekly chart.
CONCLUSION : #Target 2 is still intact. #price can be considered to be in markdown phase. #More price actions need to develop before we can consider point F selling climax or bottom and pay close attention to volume when the last low price is tested. #Lower time frame can give clue on how the new phase will evolve.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Price is still in markdown phase
X line is the major trendline and Y is the internal trendline.
Points A, B, C, D and E are major important lows with the corresponding volume.
Chinkou span line has been making lower - low NB: Indicating price is still in markdown phase.
Kinjun-sen line has moved downward.
New trading range defines $7,395 - $ 12,000, pick from weekly chart.
CONCLUSION : #Target 2 is still intact. #price can be considered to be in markdown phase. #More price actions need to develop before we can consider point F selling climax or bottom and pay close attention to volume when the last low price is tested. #Lower time frame can give clue on how the new phase will evolve.