At resistance, top of channel.
Nearing vertex of a triangle.
Volume down.
It feels stretched.
The longer it takes the fewer the chances of a resistance breakout. Matter of days at best.
Failing that an impulsive retrace (towards bottom of the channel) may happen.
Fragile scenario.
Watch out, protect your positions.
Nearing vertex of a triangle.
Volume down.
It feels stretched.
The longer it takes the fewer the chances of a resistance breakout. Matter of days at best.
Failing that an impulsive retrace (towards bottom of the channel) may happen.
Fragile scenario.
Watch out, protect your positions.
Note
I don't like this weekly MACD.Note
Down > 2500$ already.Nearing the first support "belt" in the 54-55,2k area.
Likely to find a bounce from there.
Next we'll see.
Note
Well it did bounce from 55,4k, slightly above the limit.Currently trying to achieve a breakout:
Volume is the key now.
By the way, i'd see a relation with Coinbase IPO, as this kind of pump and the timing kinda feel artificial. We'll kwow better after April 14th.
Note
Further thoughts here:
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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.