It's all clear in the chart; Shorting at the 1.27 and targeting the 50 percent retrace for profit taking, stops above the high.
At a 61.8% Fibonacci Retracement we have 4 Hour Bearish Divergence on the MACD, and Stochastic RSI and the Regular RSI is at Overbought territory. I expect to see at least some kind of of mild pull back from here Potentially making this a Bearish 5-0 where we continue to make lower lows.
MACD Divergence, MFI Overbought, and Momentum tilting downward. We may see a Pullback from these extended levels down to 1.072. Stoploss at 1.09
H4 - Price respected the top of the range and is bouncing lower. Multiple bearish divergences. M15 - Bearish trend pattern. Until the strong resistance zone holds my short term view remains bearish here.
At the moment, looking in Daily timeframe, Bitcoin it's turn bearish in H12 timeframe, but if you look the smal timeframe like H4, it's turn bearish and we see an simetric triangle, but looking more in H12 timeframe, this candlestick it's a bearish signal. Right now, I will going to sell my altcoins and Bitcoin as I know htat if Bitcoin drop, Ethereum, Chainlink,...
At the moment, Cardano was growing up 116% from 0.80 cents approximately so near of $1.50 dollars. But, at the moment, we can to see a correction in the market and Cardano it's in formation of this bearish risign wedge, without validation, but for this bearish rising wedge it's going to be validated, we would neeed to break out the first support at $1.15 dollars...
Ethereum was into this descendent triangle and then, was broke down in the past hours and right now it's make a pull back to then, continue the drop toward these 2 levels: $520 USD and $490 USD as point to take profit. Now, very important it's to understand the key price action in Daily chart. Because the past candlestick was complete bearish and that show an...
Hello guys, in this technical analysis Ethereum is in the possible correction of the price toward the $141 USD approximattely, that is my target profit, because if you see in Daily what Ethereum do, I believe that if Bitcoin go to drop, Ethereum can do as Bitcoin do. Now, In Daily timeframe we are to complet the Elliot Wave Analysis and we are into the...