Hello everyone and welcome to my article here i am going to use cyclical analysis to forecast the price direction for march price history served as the base for these calculations it looks like march brings us a good earning possibilities that can start anytime from february 24th through march 2nd in the beginning of the march there is a possibility for correction during march 2nd through march 8. after that earnings are expected to be continuing
keep in mind this is a forecast based on price direction and is not a substitute for technical analysis now let's see a local situation in a six-hour time frame in my last article i mentioned that we were in the beginning of forming a double bottom configuration as of today the price direction is moving as predicted
Last weekbased on my midterm forecast in march my earning expectations are around four two hundred dollars now let's zoom in on four hours the price is moving up in the channel although rsi and macd is ready for cool off the price is dancing at strong support level of 2 900 i will not surprise if we go up more before next cool offif price goes up tonight or tomorrow then it may reach 3100 as i predicted on my long term next correction is possible during march 4th through march 8th.
Thank you for watching.
0 Comments