has been up and down lately. With nothing showing any definite long or short positions in the 30 minutes, 1 hour, and even 2 hour candles. But when we pull it back to 4 hour candels we can see that has started to make a head and shoulder pattern. Starting on April fools days it went up around 660 in 16 hours. Then it went and completed its head on April 10 with its high at 5488. When it jumped up it hit the first resistance of around 5500. since then its been on a down trend with low . the is showing patterns but if does decide to we can expect a support of the 100 MA at 4800. If it does break through we can expect a down to 4600 and even 4400.
Let me know in the comments what you think of my first trend analysis.
Published at Tue, 16 Apr 2019 14:33:16 +0000
