Basic bearish situation right now as we keep making lower high after lower high on our Daily chart.
We are forming a base at around low 10k region which looks to be a descending triangle pattern and you know that's not nice.
Gaps loves to fill so breaking support would likely fill the gap between $9,000 - $8500 level.
Which is within the 100 Daily MA and RSI would definitely hit over sold condition when we get there.
Trade setup is open long orders below 9k range to 8.5k (target old base support) or wait for the break of support then a retest as resistance. Then you can play short side and target the 200 Daily MA.
Let's try this Free VIP Signal :)
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krypto-signals.com/dashboard/?ref=PolarH...
We are forming a base at around low 10k region which looks to be a descending triangle pattern and you know that's not nice.
Gaps loves to fill so breaking support would likely fill the gap between $9,000 - $8500 level.
Which is within the 100 Daily MA and RSI would definitely hit over sold condition when we get there.
Trade setup is open long orders below 9k range to 8.5k (target old base support) or wait for the break of support then a retest as resistance. Then you can play short side and target the 200 Daily MA.
Let's try this Free VIP Signal :)
Grab A friend and Earn up to $50 use this Link below.
krypto-signals.com/dashboard/?ref=PolarH...
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