With MACD and RSI in over bought zone a dump is immanent..
If the pattern from previous cycle repeats and conservatively say that dump is going to replicate the previous one.. we can see a 5k range as a target..
Both trends are in the same resistance zone.. and i am looking for a good correction in price first before positioning myself..
over extended green candles with no support of volume is dangerous to trade..
If the pattern from previous cycle repeats and conservatively say that dump is going to replicate the previous one.. we can see a 5k range as a target..
Both trends are in the same resistance zone.. and i am looking for a good correction in price first before positioning myself..
over extended green candles with no support of volume is dangerous to trade..
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20 and 50 MA about to cross in the hour chart..
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1 hour candle need to close below 50 MA.. let the bears drive the price down..
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