Minor Top signals triggered.
Some similarity of this parabolic bull run with the 2013-2014 parabolic climb. A significant correction back to the thick-lime 200 SMA line is plausible (followed by months of consolidation) -- which will be a lot healthier than a continued parabolic pump w/o a sufficient consolidation.
Daily Ichicloud still appearing bullish:
Bearish head-and-shoulder formation apparent on the 3 hrly (sign of momentum decelerating after having reaching a peak, but unable to sustain), with Ichicloud at risk of flipping bearish:
Measured H&S bearish target:
However, signs of bullish consolidation patterns are present in the shorter term:
A substantial pump back towards 4kUSD again would invalidate the H&S bearish view.
Some similarity of this parabolic bull run with the 2013-2014 parabolic climb. A significant correction back to the thick-lime 200 SMA line is plausible (followed by months of consolidation) -- which will be a lot healthier than a continued parabolic pump w/o a sufficient consolidation.
Daily Ichicloud still appearing bullish:
Bearish head-and-shoulder formation apparent on the 3 hrly (sign of momentum decelerating after having reaching a peak, but unable to sustain), with Ichicloud at risk of flipping bearish:
Measured H&S bearish target:
However, signs of bullish consolidation patterns are present in the shorter term:
A substantial pump back towards 4kUSD again would invalidate the H&S bearish view.
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.