Omaressam
In this chart, I present an analyst with a reward-to-risk ratio of at least 1:10. Here are three conditions that support the reversal: 1. We have a double bottom pattern, which is a reversal pattern. 2. We have a divergence between the indicators. 3. We have a bullish engulfing candlestick, which means the price has reached the bottom. That’s just my opinion,...
I would like to share with you just an idea in my opinion it’s not the right time to buy BTC Although the trend line is UP maybe the price will go back to fibo retracement (161.8 and 200 ) due to double top pattern with liquidity hit the previous top at (49k ) and we start to see prz from 52800 obviously on daily chart supported with pin-bar candle stick and on...
As we can see the direction of XRPUSDT is a downtrend and we have a divergence on the RSI indicator at the 4H chart which indicates that the price reaches its peak plus this point considered 50%Fibonacci retracement from the last high and low to complete wave 4, plus we have the triangle broken on the 4H chart, plus this area expresses a strong sell on the weekly...