What will happen to Audi in the future?
Since Audi hit the support level in the past two days, the price has gone out of an independent market. At present, it has fallen back to around 48 from this position. From the trend point of view, it is a normal callback phenomenon in the rise.
The following situations may occur here:
①80% probability: high-level fluctuations for a few days and appropriate declines, wait until the K-line catches up and steps firmly, and then continue the next wave of rise and break through the new high. That is, the next few 12-hour lines will fluctuate back and forth between 45-51. There may be a sudden pin below 45, and there will be strong support at 42, but it will be recovered immediately.
I personally think that this probability is relatively high, because now it needs large households to ship a lot of goods to fall back below 42, which completely changes the trend. Restarting requires more than two weeks of wash confirmation, and the cost-effectiveness is too low.
②20% probability: the next 12-hour line steps on 45-46 or so, and then directly continues to pull the market to break through the new high and stand firm. This scenario is consistent with my consistent understanding of the FOMO sentiment in the cryptocurrency circle, but it usually occurs during the crazy period of the bull market, with macro-level money injection + subjective mindless entry. In this case, general technical analysis is not very useful.
Because the rise and fall of prices are attached to the K-line trend (trend), it is now in the divergence stage, which can be called overbought in trading. The price has bubbles and needs to fall appropriately to clear the bubbles. Only after stepping firmly can there be the next stage. The reason why I think it will not be stable at the 7-day average is that the current 12-hour line has sufficient downward momentum. It is unstable to step directly on the 7-day average. It is normal to step on the 25-day average or the 99-day average. If the 7-day average turns around and crosses the 25-day average and re-crosses the golden cross, the rising energy is the strongest and healthiest (that is, the first situation I mentioned)
The above personal analysis does not constitute investment advice. Look at it rationally. I hope that you who read this article will soon become financially free!
