Unbelievable race from Link.
knowing this high risk situation of having grown emens we have again a nice cup and handle since yesterday, the handle is finding rest on the longer support in the channel.
If it breaks on the downside their is strong support at 3800. It will then create a dangerous double top with more possible downside to previous support levels.
MFI and RSI have cooled down and are ready for another leg up (should go a little lower to be perfect)
On the one hour we have landed above the ichi cloud and it is functioning as support. The fact that the Tenkan Sen is catching up with the price action (flattening out) is a risk to calculate in your trade and a possible sign of consolidation. On the 1 day level the price action has a healthy distance from the Tenkan Sen and indicates room for further growth.
Advice is always welcome. you can see my previous lines in follow the coin when you zoom out.
happy trading
knowing this high risk situation of having grown emens we have again a nice cup and handle since yesterday, the handle is finding rest on the longer support in the channel.
If it breaks on the downside their is strong support at 3800. It will then create a dangerous double top with more possible downside to previous support levels.
MFI and RSI have cooled down and are ready for another leg up (should go a little lower to be perfect)
On the one hour we have landed above the ichi cloud and it is functioning as support. The fact that the Tenkan Sen is catching up with the price action (flattening out) is a risk to calculate in your trade and a possible sign of consolidation. On the 1 day level the price action has a healthy distance from the Tenkan Sen and indicates room for further growth.
Advice is always welcome. you can see my previous lines in follow the coin when you zoom out.
happy trading