Rising Wedge + Bear Divergence (Vol/RSI) into R5 yearly pivot
Should breakdown when 3/4 full
Target = 200EMA, kumo support, yearly R2, 50% fib = $30-34
Stop = new AllTimeHigh
Expect RSI to reset <30 if 200EMA is hit
Alternatively, place bids on target instead of risking getting bulldozed shorting the bull trend.
Should breakdown when 3/4 full
Target = 200EMA, kumo support, yearly R2, 50% fib = $30-34
Stop = new AllTimeHigh
Expect RSI to reset <30 if 200EMA is hit
Alternatively, place bids on target instead of risking getting bulldozed shorting the bull trend.
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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.