This is where The Price might get rejected and start falling. New entries should made only with confirmed breakouts or buy orders can be placed above of the Major .
Few things indicates that The Price is going to retrace before moving up.
In the 1 hour chart can be found Divergence which is supported by and .
Current chart is showing that is in the overbought territory and combined with the Major setup, it is likely going to drop.
Where the price is going to drop?
There can be found Strong Support in between of 8952.00 / 9500.00 levels. These levels have acted as support in the past. So these levels are ideal to watch for reversals.
50 day Moving Average is about to cross above 100 day Moving Average which is signaling a change in the momentum and a new uptrend begins.
The is supporting longer term perspective and this is supported by & .
has crossed, bottomed and still has space to move overbought zone.
Once The Market start breaking these barriers (Major Resistance Levels), more likely the crowd will follow.
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Things to Remember:
- Stop-loss orders are strongly recommended.
- Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
- Do your homework before investing.
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr The Pirate Crypto Cat