Hello fellow traders,
in this TA I point out three possible movements by using my crystal ball and some ta skills...
Green arrow = most likely scenario, the bearish pennant plays out and we drop towards 2k and even lower ranges (A lot of other indicators point in this direction. Bearish divergences, Moving Averages, Stoch RSI 14,14,3,3 and so on)
Blue arrow = we break the first downtrend, getting rejected by the 200 EMA and downtrend A. An upward channel may be formed by inverting the former resistance and continuation of the current support.
Red arrow = unlikely, we break A and B and reach 4 to 5k regions.
If I make an educated guess I'd say 65% Green, 25% Blue, 10% Red.
Tell me how you'd rank the options
Trade save
Nik
in this TA I point out three possible movements by using my crystal ball and some ta skills...
Green arrow = most likely scenario, the bearish pennant plays out and we drop towards 2k and even lower ranges (A lot of other indicators point in this direction. Bearish divergences, Moving Averages, Stoch RSI 14,14,3,3 and so on)
Blue arrow = we break the first downtrend, getting rejected by the 200 EMA and downtrend A. An upward channel may be formed by inverting the former resistance and continuation of the current support.
Red arrow = unlikely, we break A and B and reach 4 to 5k regions.
If I make an educated guess I'd say 65% Green, 25% Blue, 10% Red.
Tell me how you'd rank the options
Trade save
Nik