An update on the chart we posted on the 9th of April 2019, which we talked about the possibility/probabilities of price dropping down to test the KIJUN. We talked about the RISING WEDGE, C-CLAMP and the BEARISH DIVERGENCE.
Check here: (
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The current chart shows the validity of the previous chart we analyzed with the first target achieved. We look forward for more down move, but before that we expect price to consolidate more within this current price before any further drop. We still advise all traders to open there short position for now with a close STOP LOSS(indicated above, in the previous analysis).
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
Check here: (
The current chart shows the validity of the previous chart we analyzed with the first target achieved. We look forward for more down move, but before that we expect price to consolidate more within this current price before any further drop. We still advise all traders to open there short position for now with a close STOP LOSS(indicated above, in the previous analysis).
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.