At D1, the price found resistance at 61.8% Fibonacci. In addition, the RSI has reached the overbought level and divergence has formed between the price and the RSI.
Also, the price on D1 broke the uptrend line.
On H4, the price broke through the trend line, and a divergence formed between the price and the RSI.
At the moment, the initial impulse of the decline is...
#Waves is looking bullish again after that pullback to broken trendline, let's give it a new try!
Current Price= 2.4674
Sell Entry= 2.4700 - 2.4146
Take Profit= 2.5632 | 2.6910 | 2.8840
Stop Loss= 2.3214
Risk/Reward= 1:1 | 1:2.06 | 1:3.65
Expected Profit= +9.90% | +20.36% | +36.18%
Possible Loss= -9.90%
Fib. Retracement= 0.5 | 0.618 | 0.786