It happened we broked down from the parabolic curve after we touched twice. Now we are bouncing down from the curve. Often this is an indicator of the end of the bullrun. BUT! This can be a sign that a lot stronger parabolic cruve is going to start.
bye.
We're in a choppy zone for a while. No trading in this kind of zones and take a rest. Still expecting course to make a breakdown. Volume are very low and bigger picture(yellow descending wedge) is playing out. Yellow elipse is yesterdays manipulation by big whales or an exchange. It is what is.
Save trades!
Chainlink showing a descending triangle pattern on the 1H timeframe.
We can have a downbreak immediately following the first red arrow. Or bounce one more time before the second red arrow.
(This is not financial advice, this is a volatile market where anything can happen)
