Short
Aleph Zero - Bearish Scenario
Currently price rebound and respect the trendline, indicate the trendline is strong
But price now creating a higher high, while AO creating lower low, this we call divergence, a early sign price will drop
Also creating Falling Wedge pattern
If the price BO the TL, I will wait price go down to 1.80 area
Same area as rally base rally or demand zone. This zone is fresh
Also from the fibo ext, show that 1.618 level is same as the demand zone
Nice to see Aleph Zero to make some retracement and rest a while, before pump it for ATH soon
Fell free to comments, please share your thought
But price now creating a higher high, while AO creating lower low, this we call divergence, a early sign price will drop
Also creating Falling Wedge pattern
If the price BO the TL, I will wait price go down to 1.80 area
Same area as rally base rally or demand zone. This zone is fresh
Also from the fibo ext, show that 1.618 level is same as the demand zone
Nice to see Aleph Zero to make some retracement and rest a while, before pump it for ATH soon
Fell free to comments, please share your thought
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.