Hi friends! As we can see the volume indicator shows us that lots of coins have sold by big players during the last few pumps.
Now the price forming the falling wedge which is the bullish pattern. But why short is possible in this case:
1. growing dominance of BTC. Altcoins looks very weak.
2. huge resistance at the $7.4-8 value area.
3. possible false breakout or pump the same as we see previously with volume bars growth. It shows us the sellers presure.
The target for downtrend movement will be at least the $6 key level.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Now the price forming the falling wedge which is the bullish pattern. But why short is possible in this case:
1. growing dominance of BTC. Altcoins looks very weak.
2. huge resistance at the $7.4-8 value area.
3. possible false breakout or pump the same as we see previously with volume bars growth. It shows us the sellers presure.
The target for downtrend movement will be at least the $6 key level.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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Get access to the private club with VIP signals
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
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.