TOMO reached the 4.618 of the last lowest downwards wave; maximum extension. At which daily bearish divergence formed obviously.
This should drag the coin down to at least the 1.618 as shown. This runs intimate with the upper border of the uptrend channel formed with TOMO trend reversal. A retest in other word,,
Buy areas are shown,,
This should drag the coin down to at least the 1.618 as shown. This runs intimate with the upper border of the uptrend channel formed with TOMO trend reversal. A retest in other word,,
Buy areas are shown,,
Comment:
Idea invalidated by a pump closed over the higher high forming another bearish divergence in the daily TF. This should come down at least to the main uptrend channel support where will be a good entry point if trend reversal signs confirmed.
