Signs of weakness:
- Tenkan Sen crossed Kijun Sen to the downside (bearish cross when conversion line crosses base line to the downside)
- Candle broke into the Kumo Cloud (couldn’t find support anywhere above it, not even on Senkou Span A)
- Big red bearish volume candles
- MACD crossing the 0 line to the downside
If we can’t find support on Senkou Span B at $10,398 we will continue our way down to the 200 EMA and hope to find support there at $ 9,777.
- Tenkan Sen crossed Kijun Sen to the downside (bearish cross when conversion line crosses base line to the downside)
- Candle broke into the Kumo Cloud (couldn’t find support anywhere above it, not even on Senkou Span A)
- Big red bearish volume candles
- MACD crossing the 0 line to the downside
If we can’t find support on Senkou Span B at $10,398 we will continue our way down to the 200 EMA and hope to find support there at $ 9,777.
Note
As expected, the meltdown continues. We are currently sitting at $10,749.25
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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.
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.