HELLO ALL AND GOOD EVENING.
We got an early re test of the upper line of this channel. Now that this has happened and the volume, RSI and MACD we showing bearish divergence on the 1H, we should be looking out for a top formation like this potential head and shoulder.
If we see rising demand into this $6,700 range then the likelihood of one more high could be greater than an early break down.
On the 1D we see rising consolidation and lack luster volume. Also note, we have stalled at the 0.5 retrace and closed a daily grave stone doji under the 0.382. However it is still possible we make it up to the golden retrace before possibly challenging previous lows.
Not trade advice.
We got an early re test of the upper line of this channel. Now that this has happened and the volume, RSI and MACD we showing bearish divergence on the 1H, we should be looking out for a top formation like this potential head and shoulder.
If we see rising demand into this $6,700 range then the likelihood of one more high could be greater than an early break down.
On the 1D we see rising consolidation and lack luster volume. Also note, we have stalled at the 0.5 retrace and closed a daily grave stone doji under the 0.382. However it is still possible we make it up to the golden retrace before possibly challenging previous lows.
Not trade advice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.