The ascent was powerful but now Pivot formed on the roof of channel. The evidence shows that we are in a channel and now we are moving in a downward direction to test the midline. Signal line of CSRS turned to red that is a bearish sign. In 15min resolution, a negative divergence forms at the channel roof, which is another confirmation. I think pullback to the broken line is the ultimate goal, not the midfield. In the mentioned range we also have fibo 61% and of course dynamic supports of fiboMA.
*During the time I was thinking and writing the price dropped as 2$ :|
Handel aktiv
⋅
I think we will have another downward movement
Trade stängt: målet nått
⋅
After hitting our target, it goes up
Handel aktiv
⋅
Its crossed over from resistance price entered to a new uptrend
Trade stängt manuellt
⋅
Volume decreased and a divergence detected in lower frames. I think we will see another pullback to latest resistance which broken.
Kommentera
⋅
I will continue the analysis in another new idea..so this will not update anymore good luck
@plancton0618, We are pleased to receive positive feedback from you.
abirer2
⋅
so should I sell now? or do you think its gonna bounce
Algorca
⋅
@abirer2, It depends on your trading system.
In general, the end of the correction can be between $ 5 and $ 10 lower than the current price.
It will be an uptrend in the medium term.
abirer2
⋅
@XBTBAX, I am planning to hold until the november fork then dump it. I got in at 925$
Algorca
⋅
@abirer2, Given the entry price you had,
you have a high risk-taking characteristic
so HODL it! :)
abirer2
⋅
@XBTBAX, yeah you described me perfectly haha, will do so
abirer2
⋅
@XBTBAX, I sold at 239 earlier due to doubts, 235 now, thanks for saving my ass fam