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Recently, the price reached the middle line of the Keltner channel.
Fibonacci retracement tool was used to indicate targets and entry levels.
The trend is losing momentum that we can observe on the RSI. Moreover, according to the MACD, we see a recent bearish confirmation hence the trend is expected to continue downwards.
Conclusion:
Position : SHORT
Stop loss : $3151.63
Entry range : $2942.56 - $3060.87
Target I range : $2641.00 - $2759.31
Target II range : $2292.11 - $2410.43
Recently, the price reached the middle line of the Keltner channel.
Fibonacci retracement tool was used to indicate targets and entry levels.
The trend is losing momentum that we can observe on the RSI. Moreover, according to the MACD, we see a recent bearish confirmation hence the trend is expected to continue downwards.
Conclusion:
Position : SHORT
Stop loss : $3151.63
Entry range : $2942.56 - $3060.87
Target I range : $2641.00 - $2759.31
Target II range : $2292.11 - $2410.43
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.