Hi everyone!
I'm here to give you precise technical analysis with direct trade ideas, no bs or ridiculous targets
After the big market beating we had a few days ago, it seems we are setting up for another impulse down. We have the 50 EMA in 4hrs giving us great signals in the recent past to be used as support and resistance (pink line). There is also a previous support now resistance level at $140-142 range. Lastly there is the Fib level .618 keeping the price down at that range. There is a good chance for a drop to the $125 support level. This is a great 5:1 risk-reward opportunity to consider.
Feel free to share your ideas and comments below
I'm here to give you precise technical analysis with direct trade ideas, no bs or ridiculous targets
After the big market beating we had a few days ago, it seems we are setting up for another impulse down. We have the 50 EMA in 4hrs giving us great signals in the recent past to be used as support and resistance (pink line). There is also a previous support now resistance level at $140-142 range. Lastly there is the Fib level .618 keeping the price down at that range. There is a good chance for a drop to the $125 support level. This is a great 5:1 risk-reward opportunity to consider.
Feel free to share your ideas and comments below
Trade closed: target reached:
I don't think this trade could have been placed any better :)
