Hi traders,
Quick update. Clearly a right shoulder forming right now. on the chart. I don t expect sudden volume that will break the resistance zone at 3650. Instead very probable that the price will drop again in couple of days to 4900 - 5000 zone (neck line). A last small bounce, maybe sideways action and then eventually a break of the support line. Would be already the 4th - 5th touch. Head and shoulder is a bearish formation.
Past few days altcoins were dropping hard. Bitcoin is getting dominant. A clear sign, even with the little uptrend now, that bearish times are coming.
All traders who are buying now (5300 - 5400) will get burned.
Good luck!
Quick update. Clearly a right shoulder forming right now. on the chart. I don t expect sudden volume that will break the resistance zone at 3650. Instead very probable that the price will drop again in couple of days to 4900 - 5000 zone (neck line). A last small bounce, maybe sideways action and then eventually a break of the support line. Would be already the 4th - 5th touch. Head and shoulder is a bearish formation.
Past few days altcoins were dropping hard. Bitcoin is getting dominant. A clear sign, even with the little uptrend now, that bearish times are coming.
All traders who are buying now (5300 - 5400) will get burned.
Good luck!
Not
I am sorry I meant burned :)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.