I wouldn't personally short/sell this crypto till its broken below the red line ive drawn, but nevertheless, its retraced a lot of it's 2020 gains and looks ripe for a reversal. OBV, a favourite for me has also reduced considerably as its price ranges in the pennant's insides -- Another bearish sign. Im still neutral but lets see what happens
Hit the like button and follow for more, itd mean a lot! :)
Ask me anything and tell me what you think. Ill def respond
___________
If youre new to TA and don't know what a pennant is, its a well known bearish sign and Ive explained it in a previous post, thanks for reading?
Hit the like button and follow for more, itd mean a lot! :)
Ask me anything and tell me what you think. Ill def respond
___________
If youre new to TA and don't know what a pennant is, its a well known bearish sign and Ive explained it in a previous post, thanks for reading?
Trade closed: target reached:
Target reached, made a quick buck