Double top formed yesterday, the shoulder was confirmed a few hours ago.
RSI and MACD confirmed the downwards trend. RSI sloping downwards, likely to reach the 30.2 levels and pierce into the oversold area. MACD crossed yesterday afternoon and has been sloping downwards since then.
Volume is low, so proceed carefully with a short position here. There are big...
Double bottom formed in the past 3 days. Currently testing the 0.618 fib levels. RSI going upwards, MACD crossed at the bottom and going upwards. Enough volume to confirm the short term upwards trend on the 2h candle.
Price might be suppressed by the sell orders of 100+ ETH at 255, 256,257 EUR. Orders of a few hundred ETH at 259 EUR. Buy orders are currently...
Bitfinex, 30 min candles
1. Sharp move: 34% drop followed by an 18% rise in just a few hours
2. Flagpole: continuous 53 point height
3. Flag: sloping against the previous trend
4. Duration: crypto is quite different from regular markets, so the trend is expected to continue for the next 11 hours
5. Break: already broke the 0.00640 resistance and testing...
