2026-01-09 01:29:58

WTI has just formed a strong reversal candlestick, successfully breaking through the downward resistance level and re-establishing above the 50-day moving average. This moving average has suppressed the price multiple times over the past few months, and now being decisively reclaimed is highly significant. From a technical perspective, this trend resolves multiple resistance issues and indicates a potential trend reversal in the short term. Looking at the price action, the reversal is sufficiently decisive, and support levels below are beginning to form. The key going forward will be whether it can continue to hold these critical levels.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

19 Likes

Reward
19
10
Repost
Share

Comment

0/400

OptionWhisperer

· 01-11 12:56

The 50-day moving average has finally been broken. This time, it looks serious... but we need to wait and see if it can hold. There have been quite a few rebounds before.

View OriginalReply0

RatioHunter

· 01-11 11:35

The 50-day moving average has finally been broken. If this reversal can hold, it will be really interesting.

View OriginalReply0

DeadTrades_Walking

· 01-11 04:47

The 50-day moving average has finally broken through. Can this rebound hold up, or is it just another false breakout...

View OriginalReply0

StakoorNeverSleeps

· 01-11 00:55

The 50-day moving average has finally been broken. If this reversal can hold steady, it will be interesting.

View OriginalReply0

GweiWatcher

· 01-09 01:59

The 50-day moving average has finally been broken. This reversal has some substance, but it still depends on whether it can hold to be meaningful.

View OriginalReply0

ParanoiaKing

· 01-09 01:57

The 50-day moving average has finally been broken. For this reversal to count, it really needs to hold, otherwise it will just be a false alarm.

View OriginalReply0

NullWhisperer

· 01-09 01:55

ngl, that 50-day acting as a ceiling for months then getting yeeted through in one candle is... theoretically interesting. but here's the thing—let's dissect this. one reversal candle doesn't mean the support actually holds. we've seen this movie before. vulnerable to retest imo

Reply0

PebbleHander

· 01-09 01:45

The 50-day moving average has finally broken, and this time it looks real. The previous rebounds were all pushed back, but this time the momentum is definitely different. Whether it can hold up is the real test.

View OriginalReply0

ContractBugHunter

· 01-09 01:42

The 50-day moving average has finally broken below. It was suppressed for so long before. Can this reversal hold this time? It depends on whether it can stay above in the follow-up.

View OriginalReply0

TommyTeacher

· 01-09 01:34

50-day moving average break? Is this really happening or just another trick to get me to go long...

View OriginalReply0