The 1h graph is showing some potential downtrend:
- bearish convergence on indicators is forming
- nearly no space in triangle left
- the daily graph can close bearish today at 0:00 UTC also
Let's wait a bit more and we can sell also on the breakdown.
- bearish convergence on indicators is forming
- nearly no space in triangle left
- the daily graph can close bearish today at 0:00 UTC also
Let's wait a bit more and we can sell also on the breakdown.
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Checking some shorter timeframes. For now, 15min is still not bearish. Waiting for confirmation in one or another direction.
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Seems whales are playing fast! Perpetual contract price fromBinance with a rarely seen gap on TW. Probably due to slower refresh of data.
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The decision still not clear due to the 4h bullish cross that was made. Movement should start today (UTC time)
Watching closely!
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Seems like we are nearly ready to go down! 15min has bearish crosses with convergence:
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Here we go also on 1h!
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Seems like 4h can still close on bullish converge and a larger time frame will define where the next big movement will go. Both options are still possible.
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The daily timeframe is in possible bearish divergence and if it stays like that at candle close 0:00 UTC it could mean more downside potential.
However, before daily closes, we will still have 2 more candle closes on 4h. If 1h won't give enough info, 4h close together with a daily close in a few hours should give us final confirmation.
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As explained above larger 4h time frame defined the move while I was sleeping.
This shows how important it is to wait for final confirmation and alignment of signals on many timeframes.