A small profit-taking idea. Inverted double bottom formed. Price wants to go down and will probably touch EMA 200 again, or lower early this month. And rise again. Target 4900-5000, mid or late-September. As long as there is no unexpected, or major news, price will remain in the 4000-5000 area for this while I predict. Could maybe reach 6000 next month (October). But be alert for news of '2x' part of Segwit2x which was agreed upon by miners during NYA. October/November will be an influential period for cryptocurrency.
Please be reminded that this is speculative, and is never a form of advice. Your decisions are your own.
Thanks for reading. Have a good trade!
Please be reminded that this is speculative, and is never a form of advice. Your decisions are your own.
Thanks for reading. Have a good trade!
Note
Feel free to comment, discussions welcome.Trade active
Ichimoku cloud crossover formed. This signals a possible trend reversal for next few period. Short opportunity. Support primary at 4400-4500. Secondary at 4200.
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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.