Sorry for the clickbaity title... 🤪
Upper channel boundary was touched and immediately rejected. We have RSI divergences on H4, D and W timeframes.
Does this mean that you should run for the hills? Not yet, since we´re in a uptrend channel... but I wouldn´t raise my bets irresponsibly on further bullish price action.
We could even break the channel or run along its top edge (see what happened in early June). Considering probabilities, this is not a favorable position to be greedy on longs.
Upper channel boundary was touched and immediately rejected. We have RSI divergences on H4, D and W timeframes.
Does this mean that you should run for the hills? Not yet, since we´re in a uptrend channel... but I wouldn´t raise my bets irresponsibly on further bullish price action.
We could even break the channel or run along its top edge (see what happened in early June). Considering probabilities, this is not a favorable position to be greedy on longs.
📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
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.
📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
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.