It seems that five-day rally ended near the rate of $ 10’000.
The candlestick of this week has completely absorbed the previous one indicating the local maximum a bit lower than slow moving average which started to fall.
Taking into account the facts that MAcross is on the market and the rate returned to slow moving average from below, it is a perfect moment to open the positions for decline. Especially, if this week closes below $ 9’000.
The first goal is declines by $ 6’500. However, taking into account the fact that it will be (if will be) already the third attempt to overcome this support, the chance of successful reaching the new minimum is high. In this case, the next estimate goal for decline is around $ 3’000.
The idea doesn’t work if the week closes above $ 10’000.
We wish you profitable deals!
Follow our reviews to stay in trend.
The candlestick of this week has completely absorbed the previous one indicating the local maximum a bit lower than slow moving average which started to fall.
Taking into account the facts that MAcross is on the market and the rate returned to slow moving average from below, it is a perfect moment to open the positions for decline. Especially, if this week closes below $ 9’000.
The first goal is declines by $ 6’500. However, taking into account the fact that it will be (if will be) already the third attempt to overcome this support, the chance of successful reaching the new minimum is high. In this case, the next estimate goal for decline is around $ 3’000.
The idea doesn’t work if the week closes above $ 10’000.
We wish you profitable deals!
Follow our reviews to stay in trend.
