CaptainCigar

CaptainCigar

RSI bearish divergence. double top on daily.

CaptainCigar

just an idea for now.

CaptainCigar

long on the breakout of the top resistance of current equilibrium or close above the resistance. Short now or the next day close

CaptainCigar

breakout or pre positioned trade.

CaptainCigar

lets see how this one plays out

CaptainCigar

RSI is at 50, is the BNB bull run officially over? only time will tell but odds are not in favor of the bulls for bulls to keep the uptrend, they will have to break past the last lower high. I'm gonna post the BNB/USDT too, look for my next post.

CaptainCigar

rising wedge and significantly declining buy volume

CaptainCigar

the lower horizontal support is long time support before bullrun. It can very well retest it. there is a very simple and text book bear flag forming here. strategies: 1- you can either build your position now and set a good stop loss with comfortable space. 2- sell the break down of the converging triangle/equilibrium

CaptainCigar

Bearish divergence

CaptainCigar

very clean and text book bear flag

CaptainCigar

Possible support Targets are the previous old resistance lines from bear trend that volume climax can be a trend reversal but its too soon to say anything at this point unless we start seeing higher highs and higher lows.

CaptainCigar

Possible scenarios

CaptainCigar

Possible double top with higher highs on RSI and over bought SRSI Weekly is bullish but daily needs a little correction here. I'm staying neutral but if I had to trade anyway then I would go short here.

CaptainCigar

Bigger head and shoulder top, in my previous chart I saw a small head and shoulder pattern but this is a big one.

CaptainCigar

Wabi formed a head and shoulder, currently setting up for a retest over the neckline support.

CaptainCigar

RSI uptrend Volume increase bottomed out for days higher lows

CaptainCigar

Wan is ready for another leg up with a bullish pennant.

CaptainCigar

you will seldom get an opportunity like this If bitcoins bless us a little stability, this is gonna blow up TA: bounce from previous low setting higher lows RSI uptrend Volume on bittrex is low but binance is very healthy Fundamentals: ICOs in pipeline STRAT is one of the most solid project in crypto space.