Hi,
The price action shows that it can't continue in his uptrend, we can see high lows and low lows. That's a bearish signal.
If we look at the chart, we can see a rising wedge forming a bear pennant, so I hope to see an incoming bounce to the 6000$ area.
The ADX has lost his force, there is a negative divergence and the stochastic shows already red bars. So we can see all these indicators given us a warning signal.
We can down to a 6000$ area or more, it will depend to the strength of the support zones, but it's possible to reach the 5300$ zone.
Have a nice day!
Always grateful, always humble.
#followheprofit
JRS.
The price action shows that it can't continue in his uptrend, we can see high lows and low lows. That's a bearish signal.
If we look at the chart, we can see a rising wedge forming a bear pennant, so I hope to see an incoming bounce to the 6000$ area.
The ADX has lost his force, there is a negative divergence and the stochastic shows already red bars. So we can see all these indicators given us a warning signal.
We can down to a 6000$ area or more, it will depend to the strength of the support zones, but it's possible to reach the 5300$ zone.
Have a nice day!
Always grateful, always humble.
#followheprofit
JRS.