Hello dear friends
Until a HH is not created for us, we do not have the mentality to continue the increasing process.
On the other hand, in the daily time frame, due to the negative divergence of the RSI, the possibility of completing a double ceiling pattern is high.
If the price range of $0.4256 is completely consumed in this corrective process, the probability of reaction to the yellow range ($0.5281) will increase.
We would be happy to hear your comments
Until a HH is not created for us, we do not have the mentality to continue the increasing process.
On the other hand, in the daily time frame, due to the negative divergence of the RSI, the possibility of completing a double ceiling pattern is high.
If the price range of $0.4256 is completely consumed in this corrective process, the probability of reaction to the yellow range ($0.5281) will increase.
We would be happy to hear your comments
Trade closed: target reached:
Stay with us (;
Now the yellow area is more valid for us
But keep in mind that if the previous ceiling is reached, due to the positive news, the possibility of the continuation of the increasing trend will increase.
So it's better to wait to make a sale transaction. And let's see with what momentum we reach the yellow range