ChrisCLC13P

Gas - Yes its going to Crash

ChrisCLC13P Updated   
BINANCE:GASBTC   Gas / Bitcoin
Just a thought feel free to comment and give me yours. I'm not in Gas at the moment but have a friend thats curious so here is what I think

Gas Reverses hard everytime RSI goes wild. As you Can see RSI is hitting ATH right now and since the SAT count hasn't yet reached the peak thats a very good sign that we are in the initial correction wave and we have a much further decline coming and its going to happen fast based on history. Looking for the bottom we see a good demand zone right along the fib line that also coincides with the long term uptrend of the coin. This will be the target buy in zone.
Comment:
it appears we have found our top.
Double tap buyer wicks in the supply zone shown.
RSI is hitting maxed out areas, retracing and then charging back but hitting lower highs each time. MacD now crossing downward indicating bearish sentiment.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.