DOUBLE TOP 1
Updated
Hi Everyone,
I Know this is a 1 Min chart
Just wanted to put minds at rest about the the down trend. ~WRX has formed to 2 double tops and as you all know these a extremely bearish reversal patterns. But if you sold at $4.5 range like I stated in my previous idea, you should be smiling as the next support level is 3.8 range, giving you the opportunity to add a few more tokens at the bottom. I'll try and keep you guys updated.
Always try and watch out for the patterns and trends.
I Know this is a 1 Min chart
Just wanted to put minds at rest about the the down trend. ~WRX has formed to 2 double tops and as you all know these a extremely bearish reversal patterns. But if you sold at $4.5 range like I stated in my previous idea, you should be smiling as the next support level is 3.8 range, giving you the opportunity to add a few more tokens at the bottom. I'll try and keep you guys updated.
Always try and watch out for the patterns and trends.
Note
Just like I stated we found support at the $3.8 range BUT there is an analogy I once heard when it comes to support and resistance . if you keep hitting a door eventually it will break. So the longer #WRX keeps spending on this support level the bears might just break this door and we might lower
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.