As we can see from the chart, the started to show rising momentum. Also the is beginning to increase in .
From the 4-hour cycle, the price directly broke through the upper rail of the , but the upper level in the short-term was obstructed. It is expected to stay for a second breakthrough.
About the whole trend, after the last big rise then fell back, and then oscillated back and forth around $9,000, which is to find the bottom support.
After stabilizing, it will start a second rebound. Only when the price breaks through the high point for the second time, and there is a sign of deviation from the indicator, there will be a possibility of a fall. In the near future, the temptations have been repeated downwards, but the bottom has continued to rise. This is a sign of rising.
Stop Loss: $9,200
Take profit: $9,650—$9,750
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Published at Tue, 05 Nov 2019 02:21:46 +0000