Hey everyone! Hope all is well. As you can see on the chart, we a potential upcoming short.
We are looking at a breakout of a downwards channel and currently following the price action as it begins its major retest retracement.
Good luck!
Love, peace, Seb.
Weekly Chart Explanation:
- Price is on a lateralization since 2015.
- Price is currently on an important Support Zone.
- Bullish Divergence on MACD.
- If price breaks the Descending Trendline, it has potential to move up towards the Major Resistance Zone.
Updates coming soon!
4H Chart Explanation:
- Price is on a Macro Descending Channel.
- Price broke an important Support Zone (now Resistance Zone)
- It is currently on a Bearish Corrective Structure.
- If price breaks it at 0,673, potential to move down towards the Fibonacci Levels.
Check out our Daily and Weekly Analysis.
Weekly Vision:
Daily Vision:
Updates coming soon!
All depending on the degree of speculation in regards to smaller timeframe investment,
This is another opportunity i'm keeping my eye out for on this crypto pair.
Paying attention where this is the previous range of accumulative investors.
Then again if we see a bounce off this 50.0 Fib we will most likely see it take off once again. Keeping Btc and its position...
