As you see we have bear flag in 1h and lower time frames, rsi is really close to over sold, ma'10 gonna be the dynamic resistance and macd is lower than zero ...
9400 was one the strongest support areas in last week, but after drawing rsi divergence everything is possible even 7k area ... (rsi was in divergence for a week ! it needs to reset by price ...) last night market made a bear flag and as you know after confirming it, price will go down ...
But whales are still here ...
SO I recommend you to, short below 9400 => 9000, 8900, 8700 and long above 9550=> 9850, 9950, 10k
Keep your eyes open
We are in a big ascending triangle and it could be change everything, the start of triangle was about 7800, we had some crazy up trends ... if you remember.
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Take care, trade safe.
9400 was one the strongest support areas in last week, but after drawing rsi divergence everything is possible even 7k area ... (rsi was in divergence for a week ! it needs to reset by price ...) last night market made a bear flag and as you know after confirming it, price will go down ...
But whales are still here ...
SO I recommend you to, short below 9400 => 9000, 8900, 8700 and long above 9550=> 9850, 9950, 10k
Keep your eyes open
We are in a big ascending triangle and it could be change everything, the start of triangle was about 7800, we had some crazy up trends ... if you remember.
Take care, trade safe.
Trade closed: target reached:
My target was 9k and it reached, Good luck guys