China A50 - pushing towards key support levels
Long
CN50USD
, Like I mentioned in my previous posts, price has formed a higher high and is on its way to test the support levels, as per the trend line. Price hit the support line and closed higher!
Look at the RSI. key is to look at price making higher moves and change in RSI back upwards after finding support in the Green zone (in the center)
IF the RSI support is breached, then look for other time frames, as price could be indicating break in upward trend that's been forming.
Watch out for this space for more action, day to day!
Please share a thumbs up if you like what you see and share a comment on this!
Cheers
CN50USD
, Like I mentioned in my previous posts, price has formed a higher high and is on its way to test the support levels, as per the trend line. Price hit the support line and closed higher! Look at the RSI. key is to look at price making higher moves and change in RSI back upwards after finding support in the Green zone (in the center)
IF the RSI support is breached, then look for other time frames, as price could be indicating break in upward trend that's been forming.
Watch out for this space for more action, day to day!
Please share a thumbs up if you like what you see and share a comment on this!
Cheers
Bình luận:
Price has found support at 13921 and has nor closed below the previous low of 13826. If it moves upwards, one may look at cues to see if price can make higher high and the trend continues to move upwards
Bình luận:
Price continues to find support, has not yet breached the previous lows....watch out...time to look at shorter time frames for action
