DAX technical analysis 28-12-2018
1 Month
There is a lot to be seen on the Monthly chart. It's likely for the 100(e)ma (blue) to be a neckline of a potential H&S pattern. With the 50(e)ma to be it's right shoulder.
Of course a lot of things could happen this isn't a guarantee but a likely scenario, since we're inside a bear market and waiting for some correction, this correction could be turning out into a H&S pattern.
1 Week
Week candle isn't finished yet, but for now it's a hammer. We might go up to 10.824 or even a bit higher ~11.000 because of ma10.
For longer periods I expect 10.184 because the area in the end of 2016 is showing some trouble over there. With a lot of ups and downs. So 10.185-10.825 is an important area. If we later fall through we might hit the Montly 100(e)ma. Which are around 9.560-9.930.
1 day chart
We are seeing a uptrend, we have to be carefull around the ma10 around ~10.720 the previous spoken 10.825 border and above the ma21, which will soon be around 10.825 So I think the market won't breack this 10.825 but a max up will be to the (e)ma50 (yellow) @ 11.190 But for me that looks a bit too high too fast, but could still be because of the ma10 on week . But then we break out of this area inside 10.185-10.825
1 hour
For now I think it's hard to breach the (e)ma50 (yellow). But signs of higher charts show us that the ma10 could be hit, which corresponds with the (e)ma100 (blue). The (e)ma200 (red) corresponds with ma20 on daily chart. But this would break out of the 10.185-10.825 area which I rate as a lower chance to break above, not 100% sure off course.
TA is no guarantee
Thank you so much for sharing this amazing post with us!
Have you heard about Partiko? It’s a really convenient mobile app for Steem! With Partiko, you can easily see what’s going on in the Steem community, make posts and comments (no beneficiary cut forever!), and always stayed connected with your followers via push notification!
Partiko also rewards you with Partiko Points (3000 Partiko Point bonus when you first use it!), and Partiko Points can be converted into Steem tokens. You can earn Partiko Points easily by making posts and comments using Partiko.
We also noticed that your Steem Power is low. We will be very happy to delegate 15 Steem Power to you once you have made a post using Partiko! With more Steem Power, you can make more posts and comments, and earn more rewards!
If that all sounds interesting, you can:
Thank you so much for reading this message!
Congratulations @mirnoscryptos! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!