DISTRIBUTION OR REACUMULATION
Bearish or bullish pennant, distribution or reacumulation, two main scenarios.
If we are in a distribution phase a visit to the low range at 7.2-6k is on the play, if we are in a reacumulation phase, once 14k area is broken, there is no resistance at all till the ATH. In any case, we should se a weekly candle opening and closing above 12k area as a clear sign of a continuation of the bullish trend, thats been the main resistance of this entire year. Good luck.
If we are in a distribution phase a visit to the low range at 7.2-6k is on the play, if we are in a reacumulation phase, once 14k area is broken, there is no resistance at all till the ATH. In any case, we should se a weekly candle opening and closing above 12k area as a clear sign of a continuation of the bullish trend, thats been the main resistance of this entire year. Good luck.
כתב ויתור
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.