This week, even though technical analysis discounts everything, we have a lot of interesting developments to follow: FED meeting today that is likely to raise interest rates. Suddenly Russia is in favor of cryptocurrencies, perhaps realizing that by taxing them it will receive further gains. Tensions between Russia, Ukraine and the US are increasing, suggesting an imminent invasion.
However, as mentioned in the previous post, the gap that had arisen with the Future CME has been filled.
We are still below the EMA 50 (42743) and the EMA 200 (46610).
It is important to maintain area 40000, Next support area 35000. A break to the upside of 46600 could be a trend reversal for me.
As usual, I report the weekly levels to be observed and the levels for intraday trading:
For the interpretation of the levels and the construction of the excel sheet that I always publish, and my trading method, you can consult the book in Italian and English: https://www.amazon.it/dp/B09QRXJCDQ https://www.amazon.com/dp/B09RHH9PVH
Log in to Publish0x:
https://www.publish0x.com/?a=oQeZ4DR6bp
Open an account with Kucoin use my code: https://www.kucoin.com/ucenter/signup?rcode=rJEUMUV
Open a Coinbase account to get bonuses 10$
https://www.coinbase.com/join/carote_7
This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHER ADVICE.
Graphic: tradingview.com
