This is an update to my earlier idea. Please see my other Bullish Scenario 2.
Subwave 3 hit a perfect 1:1 and Subwave 5 hit a 1.618 fib ext. This is textbook material!
Just to put things into perspective:
We rose from 350 sats on the 9th of March until 850 sats today on the 20th of April.
That is 141% gain in only 42 days.
A correction is imminent and this is the top or it's very near to it.
RSI: Bearish divergence on the 2,3,4,6,8 hr.
Oversold on 12 hr and daily.
Stoch RSI: Losing momentum on the 4, 8 hr chart.
Subwave 3 hit a perfect 1:1 and Subwave 5 hit a 1.618 fib ext. This is textbook material!
Just to put things into perspective:
We rose from 350 sats on the 9th of March until 850 sats today on the 20th of April.
That is 141% gain in only 42 days.
A correction is imminent and this is the top or it's very near to it.
RSI: Bearish divergence on the 2,3,4,6,8 hr.
Oversold on 12 hr and daily.
Stoch RSI: Losing momentum on the 4, 8 hr chart.
Note
Ignore my comment about "possible neckline for a HNS" as that's a totally different count and a bearish one.
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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.