Was asked to look into this here strictly based off the RSi and the ichumochi cloud resiatnce,
I am seeing small bearish divergents on the daily here with a clear rejection with fake large buyer exhaustion candle as we broke through for a quick wick of this monster resiatnce. Seems to me we could double top short term here.
1.90 cents needs to clear and hold a daily above to see a larger move.
.618 fib lands around 1.26 and EMa ribbon could flip bullish here in a few days. We have a red ribbon as of now ranging from 1.26-1.34 roughly.
Any dip could quickly bounce off this level.. would be a solid entry in my personal opinion,
However needs to clear and hold above 1.88-1.90 for a further run to test the previous high range around 2.85$-3.20. If we were to break that we can see a run to the fib extension levels of the .618 and .786 of levels as high as 4.76-5.19$
I am seeing small bearish divergents on the daily here with a clear rejection with fake large buyer exhaustion candle as we broke through for a quick wick of this monster resiatnce. Seems to me we could double top short term here.
1.90 cents needs to clear and hold a daily above to see a larger move.
.618 fib lands around 1.26 and EMa ribbon could flip bullish here in a few days. We have a red ribbon as of now ranging from 1.26-1.34 roughly.
Any dip could quickly bounce off this level.. would be a solid entry in my personal opinion,
However needs to clear and hold above 1.88-1.90 for a further run to test the previous high range around 2.85$-3.20. If we were to break that we can see a run to the fib extension levels of the .618 and .786 of levels as high as 4.76-5.19$
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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.