From here on...φ(•ᴗ•๑)
On the daily chart, whether it will rise after touching the 20MA line, or continue to rise as it is, I have no idea, but if it approaches the 20MA while moving sideways, I would like to think of it as a bullish pattern adjustment.
There is also a possibility of temporarily heading towards the 50MA.
If based on the time in 2020...
Most likely rebounding at the 20-period moving average (MA) touch, even if weak, it rebounds up to the 50-period moving average. It seems like a good idea to wait and see until getting closer to the moving average.
It seems to be a great buying opportunity once it falls to the 50MA.
Daily candlestick chart for 2020 is ↓
Currently, the candlestick chart is trending down.
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J_M_RIN OP : As a characteristic, when the width between the 20MA and 50MA widens, it may be advisable to be cautious about a slight adjustment. As it is still in the initial phase, it is still uncertain how things will turn out based on the trend.
J_M_RIN OP : As a buying opportunity, if the 20MA touches based on the 2020 candlestick chart, the buying point is around when the daily RSI drops below 50, based on the chart it appears that there was a rebound after falling to RSI 30 before adjusting to the 50MA, please confirm on the chart.
J_M_RIN OP : However, it bounced up on the 20MA in November 4 years ago and entered a significant rally, so we can hope for it.
ゆーたーん : Good morning, Rin-san! I wanted to increase my position a bit more towards the full-fledged bubble, so this will be helpful . Does it seem to be rising towards the Christmas rally after taking a break?!
J_M_RIN OP ゆーたーん : If you are still confident that it is just the beginning as you don't know where to adjust the moving average line, I think you should go with a bullish approach.