4 hr 0.64% chart RSI is reversing and if the wave patterns are interpreted correctly we should see a wave 5 around this time. 5 minute pattern at the time of writing shows a flag, so although 0.0016 was rejected it seems likely to retest it. I like to use short timeframes to gauge local price action. If .0016 is broken next target is in the green box shown from 0.00174-0.0018
T1 0.00160
T2 0.00174
T3 0.00180
T1 0.00160
T2 0.00174
T3 0.00180
Trade active:
Today's price action in my opinion is a display of the price manipulation that occurs in crypto. Never have I seen so many bullish indications whilst testing the same level 4-5 times and even breaking it once, yet still the price doesn't sustain a move beyond it.
Comment:
4 hr closed above 0.0015, finally might be good to go.
Comment:
Target 1 hit
Target 2 hit
Target 2 hit
Trade closed: target reached:
Closed trade a while ago, had to go out so I set a stop loss and the sharp drop a few hours ago took it out. Closed in profit. Haven't re-entered and not going to.
Comment:
If you missed the original opportunity current price action says you can enter now if you wish.
If you missed the original opportunity current price action says you can enter now if you wish.
Bear flag forming, watch closely and plan an exit if it becomes necessary