The psychological barrier at 8000 is broken now !
Zaktualizowano
The support at 6879 was strong and the price action after some consolidation decides to charge ahead and has now broken the 8000 price level. Now, I expect some minor correction before it breaks out of the bearish trend line and continue to charge higher.
Alternatively, it can retest one more time with a pullback at the diagonal trend line , heads south towards the support at 6879 again before rebounding.
Go to 4H or 1H for better price entry.
Trade cautiously.
Alternatively, it can retest one more time with a pullback at the diagonal trend line , heads south towards the support at 6879 again before rebounding.
Go to 4H or 1H for better price entry.
Trade cautiously.
Uwaga
Sorry folks, it appears to be a false breakout.Uwaga
Some support at 7795, this may be a catalyst to push the price up again....Uwaga
8 Jan - 1st attempt to break out - failed.10 Jan - 2nd attempt to break out - touching the bearish trend line
11 Jan - follow through on 10 Jan to break out - failed
Next week, there is a possibility of it breaking out based on 10 Jan strong bullish candle, signalling buyers are pretty strong and 11 Jan is a pull back. Watch closely now.
Uwaga
resistance at 8184, let's see who wins at the end, bulls or bears then we take sideUwaga
Praise Lord. Our analysis this time was right. It shoot up to the moon.Congrats to those who followed.Uwaga
at the rate it is going, it can well hit the 10,000 psychological level again.
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