So, today 06.11.2023 probably there will be an inverse hammer at the top of the trend.
The RSI showns bearish signals because both lines are above the 80%.
The resistance is around the top of the ichimoku cloud. if it goes below, certainly will go to the lower line of ichimoku.
Probably within 2 weeks the price of chz will decrease or remain stable and then a huge bullish trend expected, but first of all wait for the rsi and the cloud.
Share your idea, and please note that these analysis are only for myself to check my thinking at that period.
The RSI showns bearish signals because both lines are above the 80%.
The resistance is around the top of the ichimoku cloud. if it goes below, certainly will go to the lower line of ichimoku.
Probably within 2 weeks the price of chz will decrease or remain stable and then a huge bullish trend expected, but first of all wait for the rsi and the cloud.
Share your idea, and please note that these analysis are only for myself to check my thinking at that period.
Comment:
The bearish trend goes deeper than expected. 1-3 weeks more deacrease will followed by a bullish trend. Be patient, ride the waves.
Massive increase expected.
Take care bb