Greetings fellow traders!
Looks like a short term pattern, a rising channel. Looking like it is breaking out bearish. Even EMI 1 is bearish. She's showing a Yellow X with a red diamond. Which could be a signal for a bearish divergence. In addition if price action keep closing below the support. We probably will see more bearish continuation.
Be careful, good luck and be the trend gods be with you!
Looks like a short term pattern, a rising channel. Looking like it is breaking out bearish. Even EMI 1 is bearish. She's showing a Yellow X with a red diamond. Which could be a signal for a bearish divergence. In addition if price action keep closing below the support. We probably will see more bearish continuation.
Be careful, good luck and be the trend gods be with you!
Note
Hodlers should not have to worry too much though, probably a healthy correction. Waiting for the bull pattern to enfold.
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Related publications
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.