Traders and Investors a big Welcome !
Overview on a bigger scale of the chart !
* Few technical points:
1. MACD gives indications that bullish candlesticks start becoming less bigger than the previous ones; which might indicate that bulls are less in control. However the last two ones are becoming bigger, for that reason it might be possible that price actions continue to grow a little bit more and a better short could be considered higher
2. Prices are still in consolidation between different price levels. (support and demand)
3. Uptrend ascending triangle chart pattern. Which might again provide a more certain outcome of uptrend break-out
Like always, feel free to comment, like and subscribe.
Thank you and take care !
Kevin C. Best
Overview on a bigger scale of the chart !
* Few technical points:
1. MACD gives indications that bullish candlesticks start becoming less bigger than the previous ones; which might indicate that bulls are less in control. However the last two ones are becoming bigger, for that reason it might be possible that price actions continue to grow a little bit more and a better short could be considered higher
2. Prices are still in consolidation between different price levels. (support and demand)
3. Uptrend ascending triangle chart pattern. Which might again provide a more certain outcome of uptrend break-out
Like always, feel free to comment, like and subscribe.
Thank you and take care !
Kevin C. Best