Double top forming
Updated
Barely at the moment holding on to the 50 day EMA, daily MacD going lower. If it breaks under this current zone, I am expecting it to form a double top and break under the neckline.
0.194 area could be a possible first profit target for a short if we open it now. Risky trade, just an idea. All depends on what BTC is going to do in the next days, fall further or gain momentum for upside. As we can see many coins are dangling and barely holdiong on some major support zones after the last weeks pump.
0.194 area could be a possible first profit target for a short if we open it now. Risky trade, just an idea. All depends on what BTC is going to do in the next days, fall further or gain momentum for upside. As we can see many coins are dangling and barely holdiong on some major support zones after the last weeks pump.
Note
Neckline reached.Note
Target reached. Could go sideways for a bit or fall further, but i see more downside in the upcoming month.Note
Massive head and shoulders/tripple top in the makings here.Note
Tripple top? Those last 2 day candles looks so unhealthy as before it took many days for chz to climb there and now it just popped up, what goes fast up, goes fast down.
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