Today, it's an absolute bloodbath in financial markets. Besides bonds, which are doing OK, stocks and cryptocurrencies are getting absolutely ravaged by the news of the Russian invasion of Ukraine yesterday evening. At noon ET, top-10 cryptocurrencies Binance Coin ( BNB ), XRP ( XRP -1.99% ), and Solana ( SOL 5.88% ) had dropped 9.4%, 10.7% and 6.1%, respectively,...
Lots of nice things to short here. Downward trend, Evening star pattern
Sentiment: Short term Bearish Reasons 1, Strong Weekly Resistance at 317.59 2.Bearish Island Gap on Daily Chart 3. Doji Candlestick Pattern on Daily Chart 4. Bullish Channel Breakdown 5. Selling Volume Increase
Price go higher and hit strong ressistrance level at 1.64494 after that price drop and retrace at 0.618 level of fibonacce retracement level Now we see a evening star pattern show up Price will go down at 1.62630 (Pink Line) then test it again and after confirmation price will drop at the next strong support level at 1.61175.
btc forming evening star after that candle evening star is bull comes back but thy are knock downed with shooting star bulls try again but bears comes and take away bull gains and continue the bearish mommentum