Good ol bullish divergence Long

Kyber Network / US DollarBinance

Description

⋅ Sep 23, 2020 12:52 AM

There is definitely risk of falling to the $0.70 region. Anything can happen in crypto, especially in Sep and Oct. I can't ignore a strong divergence and good probability of mean reversion when I see one though.

Chart Patterns

Comments

morningtomyum

⋅ Sep 26, 2020 1:41 PM

Target hit. You're welcome.

Wayne_Enterprise

⋅ Sep 26, 2020 4:52 PM

@morningtomyum, Well played. what's your mid-term thoughts moving forward? I have a similar drawing showing showing [1.44 / 2.02]

morningtomyum

⋅ Sep 27, 2020 2:05 AM

@wentcrypto depends what is mid term to you. 6 weeks or 6 months? for the latter, bearish...

TF-Trader141

⋅ Sep 23, 2020 4:13 PM

2nd time we tried breaking the 20MA on the 4hr. Failed again to the tick of the wick. 50MA crossing under the 100MA on the 4hr as well.