With its little candles the chart looks toppish. This is no wonder after the 70 % rise within less than 1 month. One can imagine that the last 10 candles are rising within a rising wedge.
This would confirm the forthcoming correction but I don't put much attention on it as the candles are to small.
I expect the outbreak to the downside as there is a large open window between 70 and 64.
This would confirm the forthcoming correction but I don't put much attention on it as the candles are to small.
I expect the outbreak to the downside as there is a large open window between 70 and 64.
Trade closed: stop reached
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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.