Symetrical Triangle that broke bearish ,
Price is testing the apex resistance of the triangle, creating a rising wedge which is also bearish . Volume has been decreasing, be ready for a drop.
MACD is crossing down its signal line in multiple timeframes.
STOCH RSI 4hr is overbought
Order Books show a lot of buyers waiting at 8-9k. Follow the money !!
If it doesnt drop, and breaks up, it could mean the end of downtrend. Daily RSI shows room for uptrend.
*Disclaimer*
I am very green at this so I welcome all feedback
Price is testing the apex resistance of the triangle, creating a rising wedge which is also bearish . Volume has been decreasing, be ready for a drop.
MACD is crossing down its signal line in multiple timeframes.
STOCH RSI 4hr is overbought
Order Books show a lot of buyers waiting at 8-9k. Follow the money !!
If it doesnt drop, and breaks up, it could mean the end of downtrend. Daily RSI shows room for uptrend.
*Disclaimer*
I am very green at this so I welcome all feedback
Note
Dropping as predicted :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.