Looking at TOMO on the daily chart
Price has gone a bit parabolic (+200%) while our indicators are showing signs of bearish divergence
Currently we have:
Bearish divergence in RSI
Bearish divergence in Histogram
OBV wanting to cross bearishly
Big hole in VPVR that needs filling in at some stage
Gap in price around 4590 sats
.786 fib links out with previous market structure break out (WYCKOFF check possible)
Long term buy zone in green.
Im not saying price will go down to the .786 immediately, this is just my over all objective and price will do, what price will do.
Remember to "Plan your trade and trade your plan"
If you like what I do and would like to see more TA, hit the like button and consider subscribing. Thanks :)
Price has gone a bit parabolic (+200%) while our indicators are showing signs of bearish divergence
Currently we have:
Bearish divergence in RSI
Bearish divergence in Histogram
OBV wanting to cross bearishly
Big hole in VPVR that needs filling in at some stage
Gap in price around 4590 sats
.786 fib links out with previous market structure break out (WYCKOFF check possible)
Long term buy zone in green.
Im not saying price will go down to the .786 immediately, this is just my over all objective and price will do, what price will do.
Remember to "Plan your trade and trade your plan"
If you like what I do and would like to see more TA, hit the like button and consider subscribing. Thanks :)
Trade active:
Like I said
Trade closed: target reached: