- As per my Elliott Wave technical analysis - it looks like the massive impulse wave can be completed and we are now headed to a retracement.
- On the weekly chart we have a shooting star - bearish candle with a long wick ( PIN BAR )!
- If we take a look at the RSI indicator on this chart, we can see a bullish divergence , which is a pretty strong bearish signal.
- We don't really know how deep the retracement will be, but we can go back down to the acceleration point + 0.618 FIB.
- MACD histogram is going down and loosing momentum, which is a sign of weakness.
- Look at my ideas about Bitcoin, Ethereum and TOTAL crypto cap in the related section down below ↓
- For more content, please hit "Like" & "Follow"!
- On the weekly chart we have a shooting star - bearish candle with a long wick ( PIN BAR )!
- If we take a look at the RSI indicator on this chart, we can see a bullish divergence , which is a pretty strong bearish signal.
- We don't really know how deep the retracement will be, but we can go back down to the acceleration point + 0.618 FIB.
- MACD histogram is going down and loosing momentum, which is a sign of weakness.
- Look at my ideas about Bitcoin, Ethereum and TOTAL crypto cap in the related section down below ↓
- For more content, please hit "Like" & "Follow"!
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.