multiple bear div on 1hr in combination with death cross on SRSI, RSI looking down, and looks like we could see soon death cross on MACD also. So it looks like we definitely going down.
200SMA on 1hr chart is right on 0,5 FIB and near that former resistance level-zone at 0,2714. Also, this former resistance trendline of descending channel is near that level. This all should be more than enough to keep the price from falling further and could be a nice bounce level... If that level is lost, most probably a deeper fall down is in the cards, and we could open a SHORT trade. If holds, and price bounce up, we could be in a good position to open long trade...
I don't have to say that we need BTC to cooperate for this to play out... If BTC pumps up, we have the chance to turn up without this retest, so my entry point, in that case, would be a breakout from resistance at 0.30
200SMA on 1hr chart is right on 0,5 FIB and near that former resistance level-zone at 0,2714. Also, this former resistance trendline of descending channel is near that level. This all should be more than enough to keep the price from falling further and could be a nice bounce level... If that level is lost, most probably a deeper fall down is in the cards, and we could open a SHORT trade. If holds, and price bounce up, we could be in a good position to open long trade...
I don't have to say that we need BTC to cooperate for this to play out... If BTC pumps up, we have the chance to turn up without this retest, so my entry point, in that case, would be a breakout from resistance at 0.30
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The boost would help also...
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The boost would help also...
Doors are now open to my free Telegram channel.
Welcome!!
t.me/CryptoBarbecueChannel