The RSI is indicating overbought which adding it up with the volume loss, indicates that the price is going down. Its wise to al least sell partially.
This idea is not to be considered a financial advice. I am just learning and practicing!
This idea is not to be considered a financial advice. I am just learning and practicing!
Note
strong support at 0.236 fibclosing under it will take us further down
Note
support broken. next support is at 0.382 fib which is unlikely to hold.closing under it will take us to the first target
Note
Its going very well so far. Called it when everyone was bullish :)Note
Its possible to enter partially as its the 3rd day with price steady at 0.382 fibNote
Support did not hold at 0.382 fib. lets go to the first target :DNote
Showing reversal, we might not see the first target. partial buy again until reversal confirmedTrade closed manually
Reversal confirmed. Full entry.
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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.