A new descending channel. Let's see

2020年5月17日

I believe this weekend could that we are in a new descending channel. If the price breaks the resistence line (around 9850), then our next goals are 10k and 10.5k.
It could be a milestone. Opening a short or long position in this situation is absolutely risky and I don't reccommend entering any position. However, short position with an acceptable tight stop-loss could be the best choise!

2020年5月18日

ノート

Latest update!

2020年5月18日

ノート

It seems bullish for now. There is no strong sign of weakness in upwardtrend for now.

2020年5月21日

ノート

It is clear that my previous thought was currect and the descending channel is vlaid for now. Right now price is above a very critical support of prior ascending channel which has supported it since 3800. I believe this is a determining level. Wait and see if it can be held or not. I personally avoid trading in this zone.