*Swing trade opportunity*
Following a 600% rally and overbought condition (green column) on the above 4-day chart there is now a clear bearish divergence between price action and the oscillators.
Stochastic RSI is crossing down 80. Remember this is a 4-day chart, again look left at previous cross downs of the 80 on this time scale - those signals are not to be ignored.
The Money Flow Index (Black circles) have in the past perfectly highlighted correction areas. Look left and above!
1st target 10 cents
2nd target 7 cents (21-week moving average - green line)
Idea void by March 1st
Following a 600% rally and overbought condition (green column) on the above 4-day chart there is now a clear bearish divergence between price action and the oscillators.
Stochastic RSI is crossing down 80. Remember this is a 4-day chart, again look left at previous cross downs of the 80 on this time scale - those signals are not to be ignored.
The Money Flow Index (Black circles) have in the past perfectly highlighted correction areas. Look left and above!
1st target 10 cents
2nd target 7 cents (21-week moving average - green line)
Idea void by March 1st
Comment:
10-day looking bearish. Another 10 days need to pass before the hanging man candle is confirmed.
Trade active:
1st target for support test, 87 cents
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR