Long term technical idea - short term bearish scenario.
Locally lots of resistance based on:
- 2 fib retracements:
Locally lots of resistance based on:
- 2 fib retracements:
- from latest higher high to latest higher low 0618-066; 0.786;
- bullish trend based fib retracement 0.5, 0.618
- Bearish engulfing last 1D candle;
- CVD: - bearish divergence;
- taker sells crossing taker buys
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- RSI divergence (lower highs while price higher highs)
Thesis: retrace to 0.5-0.66fib, then possible uptrend continuation towards 1-1.13 trend based fib
Second thesis (less probable): back to 1.13 bearish harmonic pattern of this HTF price action (not drawn) around 0.060 USDT
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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.