Potential hard correction to 52 or at least 50% Fibo. Yesterday candlestick showing doji shape and similar to hangman candlestick . Bearishness can be triggered below the tail of Thursday candle below 65-66 . from others ide bearish pattern can be stopped above Thursday candle above 74-73. also the decline pattern can lead to 39 which is around 50% correction from All time highs. Very interesting!
Note
Watch RSI and MFI how turned down , Theoretically they will drop to buy zoon near 30-40 but lets see.. its dropped more than 15% in two days.. from 73.9 to 57.5
Note
still bearish under 73! if break it out then could see big jump upNote
almost 3 weeks - same analysisTrade closed: target reached
Trade closed: target reached
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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.