Double top pattern formed clearly followed by a descending RSI and Volume. Besides a bearish divergence is noticed at the tops.
Supports:
Ps: The support at 10.5K is strong, So I expect it to just draw a shadow to 9750 if it's supposed to fill the gap.
Supports:
- 11100
- 10850
- 10496
- 9750
Ps: The support at 10.5K is strong, So I expect it to just draw a shadow to 9750 if it's supposed to fill the gap.
Trade active
Pattern switched to Head and Shoulders following the Total Market Cap chart. The price broke almost all supports to 9750. The last lowest price was 9960 and the CME Gap is still unfilled
Analyses are NOT financial advice; DYOR
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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.
Analyses are NOT financial advice; DYOR
Related publications
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.