the wave that is mentioned as "1" is a significant break of structure. 18541 percent move is telling many things; however, in order to avoid any emotional trade, waiting for a good correction is necessary. R/R ratio is not satisfactory in current prices.
NOTICE:
IT IS NOT A FINANCIAL ADVICE
Printed bear div on RSI and MACD histogram on 2hr chart, SRSI looks like death cross will be printed when this bar closes. So I am waiting to see which level will hold and waiting for possible bounce, if that support at 0.11381 is lost, 0.10333 could be in the cards again... Good luck traders
After a bullish rally it has faced a predictable consolidation and this leads to form a descending trend line.Few days ago the trend line broke and again started an ascending trend.I draw a horizontal resistance and the chart trapped in a triangle pattern. A more detailed look at the chart reveals that it is has been supported by an ascending trend line as well. I...
