What does this chart clearly tell you? Broken triangle, rejection from 100 EMA, bearish price action, tight bollinger.
I'd go short with stoploss above the purple line. We should bounce from 200 EMA, if we blast trough, then we are going to retest the 4700 and 3500 lvl.
Keep it simple. Keep it clear.
The spread between Finex and other exchanges is bad sign aswell.
I'd go short with stoploss above the purple line. We should bounce from 200 EMA, if we blast trough, then we are going to retest the 4700 and 3500 lvl.
Keep it simple. Keep it clear.
The spread between Finex and other exchanges is bad sign aswell.
Note
There was a sudden bullish turn around towards bulls, after 5 doji candless on 4H chart. have you stop above the 100 EMA line, stops should be at 5250. There is still IMO 35% chance that this a fake out.
Trade closed: stop reached
STOP reached, Trade invalided.
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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.