firmestudio

Short CZ coin below volume POC

Kort
firmestudio Uppdaterad   
BINANCE:BNBUSDT   Binance Coin / TetherUS
Potential bearish trend reversal expected. Projecting BCD reciprocal targets extending 2.618 and 3.618 aiming local demand zone. That's a potential wave 1 to ignite. Wave 2 about to extend Fibonacci @ 61.8% (future local supply).

Technicals:

* Fisher Transform cross; Overbought;
* Chaikin Money Flow hidden bearish divergence:
Handel aktiv:
Handel aktiv:
The price rallied to test neckline (dashed-white line) of a micro Head & Shoulders.

Technicals:

Centered oscillator Chaikin Money Flow based on volume showing signs of weakness with divergences; plus 100MA x 100EMA bearish cross.

Handel aktiv:
Collecting divergences on Fisher Transform, Chaikin Money Flow and ESCGO_LB (smoothed stochastic)

Handel aktiv:
As shown on this print of 15M chart, Chaikin Money Flow is printing a hidden bearish divergence as RSI not.
Handel aktiv:
Based on my waves count, if CZ coin broke this rising wedge, a swing downward could be very profitable. A wave 3 could drop 40% after a rally of retest.
Handel aktiv:
Hidden bearish divergence on OBV

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