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PolarHusk
Sep 1, 2020 5:03 PM

MFT/USDT (Bearish Double Top?) 

Description

MFT/USDT

-Mainframe just painted a Bearish Double Top reversal
-Not looking good as the upward trendline support is breaking down
-Take note as well of the RSI divergence, it is a sign of weakness
-If this breakdown is confirmed, the downside target is 0.618 Fib levels
-I recommend to look for position entry or bounce play setup
-Provided there is a bullish reaction in .618 Fib region
Comments
ProjectSyndicate
great setup, thank you for sharing.
PM66
Great!!!
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