On the monthly chart we see a bearish Harami, usually forming at the end of an uptrend, indicating a possible reversal. However, the smaller the second candle the likelier the reversal.
We have crossed the middle line and are retesting it on the 1D time-frame and are retesting it. A consolidation here would make sense too, between both the green lines which represent the monthly resistance and support zones.
Hi Heish! Thank you for your idea, simple is often much better and more clear if you are trying to figure out some plans! I indeed made the experience that Haramis in crypto are not working as well as for example engulfs/railroads. It's not a very strong reversal candlestick so even if it's doing something bearish follow up it might not be strong enough to form a lasting high.
heish
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@NerubicaCrypto, Hi
thank you for sharing your view. I try to keep the analyses as simple as possible.
Because I am new to this subject I appreciate every opinion, specially different ones. It is new to me that the Harami is not so poweful when seen on the monthly chart. What could be the reason for that? Maybe a more emotionally driven community?