Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Last December 1, 2020, I have bullish wave count on this coin but unfortunately the market is turning against me. I have learn my mistakes in order to become a better trader. I'm considering to make a technical analysis on December 12, 2020 on this pair. Here is the TA:
Right now, here is my observations
1W
First of all, it does not have a weekly closed yet. But as you see in the chart, there is potential bearish divergence on RSI, Stoch RSI and MACD. Does the whole rally is a fake out? O.o so sad. I think those trend lines and moving averages may hold as support.
1D
I hoping that it's corrective then start to move up again but indicators does not agree with me. I think likely to move down, specially if RSI moves below 50 level. You may also an assumption of hidden bullish divergence (I hope so)
4HR
There is bearish divergence
1HR
Bearish Convergence
Trading Setup.
Manage your risk and trade responsibly
____
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
Last December 1, 2020, I have bullish wave count on this coin but unfortunately the market is turning against me. I have learn my mistakes in order to become a better trader. I'm considering to make a technical analysis on December 12, 2020 on this pair. Here is the TA:
Right now, here is my observations
1W
First of all, it does not have a weekly closed yet. But as you see in the chart, there is potential bearish divergence on RSI, Stoch RSI and MACD. Does the whole rally is a fake out? O.o so sad. I think those trend lines and moving averages may hold as support.
1D
I hoping that it's corrective then start to move up again but indicators does not agree with me. I think likely to move down, specially if RSI moves below 50 level. You may also an assumption of hidden bullish divergence (I hope so)
4HR
There is bearish divergence
1HR
Bearish Convergence
Trading Setup.
Manage your risk and trade responsibly
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Comment:
Still observing to make an entry.
Comment:
Here, we go!
