Crypto Traders,
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Analysis:
@ $3044 to $3000
Need support validation, which we have multi bullish confluence if support holds w/in region.
If support is validated, would need to see closure above $3360, in which TP would be around $3940. If
the opposite holds true and support is not conf. , next support level that would need to be validated would be around
$2875 to $2780
Entering bearish control on Money Flow Index, in conjunction w/ TSI crossover to the downside due to over-hanging resistance.
Also, TSI is falling below 25, which can be seen as a sell signal.
Cheers & Happy Trading!
Appreciate you taking the time to view my TA, which hopefully provides an alternative perspective. Please be sure to “LIKE” if you indeed find my analysis useful and/or want to share your opinion.
Analysis:
@ $3044 to $3000
Need support validation, which we have multi bullish confluence if support holds w/in region.
If support is validated, would need to see closure above $3360, in which TP would be around $3940. If
the opposite holds true and support is not conf. , next support level that would need to be validated would be around
$2875 to $2780
Entering bearish control on Money Flow Index, in conjunction w/ TSI crossover to the downside due to over-hanging resistance.
Also, TSI is falling below 25, which can be seen as a sell signal.
Cheers & Happy Trading!