Hope all is well.
We are not too sure if on the long term time frames if we are in the Distribution Phase?However, on the 30 minute time frame we recently had some higher highs and higher lows, now there is a bearish long wick candle recently formed at a key level, this could unfortunately mean a correction, hypothetically if price falls below, 97, 419$, the short term bullish trend is over, and we need to clear 98, 332$ resistance level.
We are not too sure if on the long term time frames if we are in the Distribution Phase?However, on the 30 minute time frame we recently had some higher highs and higher lows, now there is a bearish long wick candle recently formed at a key level, this could unfortunately mean a correction, hypothetically if price falls below, 97, 419$, the short term bullish trend is over, and we need to clear 98, 332$ resistance level.
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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.