NZDCAD saw recently a massive bearish engulfing on weekly off 23 Fibonacci level, off Bollinger band's central band and off 2|1 Gann angle followed by Bear sash pattern immediately after. I expect price to drop to the next Fib level, outer BB band, Gann angle, Fib arc (confluence of many points).
Candle Pattern: Evening Star
Trend Entry: With Trend
TP/SL Ratio Target: 1 to 1
Estimated PIPs: 20
Fib Entry: 61.8%
Fib TP: 61.8%
Inside EMA/SMA zone: yes
BB: above midpoint
evening star formed inside EMA/SMA zone within the start of a new down trend
entering a little early before the 3rd candle close, hopefully it...
I just realized i had not done an XRP/BTC video for over a week, so here it is.
I have to be honest... I want to see a bull run, but i'm thinking the bears are winning at the moment. The 12000 satoshi area seems to be doing a very good job at keeping price action down.
I think we see 10,000- 9,500 satoshis before we see a break of 12000.
I hope you enjoy...