Downtrend may be a head and shoulders pattern
MACD seems to be about to cross-over
RSI has long way to go down
Fib levels may indicate levels of support/resistance (align well with historical price data)
Short positions should be placed with entry points below fib levels but make sure you have stop-losses to protect from unexpected bull-traps and manipulation
Stay safe and make gains
Note: 4hr chart must be watched as well
MACD seems to be about to cross-over
RSI has long way to go down
Fib levels may indicate levels of support/resistance (align well with historical price data)
Short positions should be placed with entry points below fib levels but make sure you have stop-losses to protect from unexpected bull-traps and manipulation
Stay safe and make gains
Note: 4hr chart must be watched as well
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.
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.