retest of 0.49 area to follow
- bearish H&S pattern developing with a target drop to 0.49 area
- bearish volume and MACD divergence formed on 4h chart
- broken trendlines are in orange color, active ones are blue
- if support around 0.47 - 0.50 holds, next target is around 0.90
- if it doesnt hold, a drop to 0.30 area, which is going to be bought agressively
im here to learn, so please feel free to comment and give your perspective!
- bearish volume and MACD divergence formed on 4h chart
- broken trendlines are in orange color, active ones are blue
- if support around 0.47 - 0.50 holds, next target is around 0.90
- if it doesnt hold, a drop to 0.30 area, which is going to be bought agressively
im here to learn, so please feel free to comment and give your perspective!
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.