So we've just broke the bear-flag. In my opinion just a short term pump (and probably dump). Kind of crazy how people react to one green candle after a huge dump before.
Personally, i'm still waiting at the side line to wait for more confirmation before i make any decision. So for now, probably going to stay inside the red channel and high chances it will go down again. Break above 6800 could lead into a (short-term) bull-run. Time will tell.
Personally, i'm still waiting at the side line to wait for more confirmation before i make any decision. So for now, probably going to stay inside the red channel and high chances it will go down again. Break above 6800 could lead into a (short-term) bull-run. Time will tell.
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Making a small short-term bull flag now witch could break out to the top of the red line at $6800. RSI overbought and now heading down.Probably going to play out like the circles and retest the supportline at $6500
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Mini bull flag went to the top of the resistance line. Still a big bear flag in the bigger picture. Wouldn't be surprised is it falls from here. Break out above 6850 (with confirmation candles) will abort the bear flag.
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Heading down a bit. Also notice the RSI on the 4H chart. Lots of resistance at the 60 level.
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Bearish divergence... Bulls are exhausted
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Headed down as of the recent Bithumb hack. Probably going to test the supportline at $6500. But be aware of a heavy drop if it breaks down. Expect a big sell off if it goes under $6K. Stay safe.
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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.