BABA

With monthly - weekly - daily momentum all in oversold territory, BABA is currently sitting just above a crucial support on the weekly chart.

I will be expecting a bounce and spending some time in the highlighted area for a while..

I'm on the long side as it has more probability in my point of view and last weeks close was a gravestone doji. I think we are finding the bottom finally to neutralize the trend.

Peace..

Note

going for a relief bounce here immediately. I wasnt expecting to get out of the area that fast :) oh well its all good that was a good bottom call

Note

it will enter the range trade for now, hit the resistance and now time to build a range

Note

daily candles showing consolidation for the time being

https://www.tradingview.com/x/Cdop7tCB/

Note

consolidation after that on neck top pattern, and no sign of strength so far

Note

new resist $127 with target of $140 if it breaks

crypto_chebz

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

crypto_chebz

Also on: