It seem to be that the price action has failed to break the 200MA and now the 1st red appeared on heikin ashi candle.
We have a 100MA support between 0.382 to 0.50 fibonacci retrecement.
The RSI is is overbought and bearish.
I have defined the targets accordingly and insha Allah I am expecting that the price action will follow these directions.
Regards,
Atif Akbar (moon333)
We have a 100MA support between 0.382 to 0.50 fibonacci retrecement.
The RSI is is overbought and bearish.
I have defined the targets accordingly and insha Allah I am expecting that the price action will follow these directions.
Regards,
Atif Akbar (moon333)
Trade active
Yester day the steem dumped badly more than 88 percent but it recovered shortly even not a single 15 minute candle stick closed below the buying area or more than 0.786 fibonacci retracment of X to A leg, this it the power of steem. insha Allah it will hit the target soon. I would suggest to keep observe the market news about steem if it is having some trouble.Trade closed manually
I was expecting a bullish BAT formation but exteme sell off on 25 jan has changed the moves of price action therefore I am closing this idea and I have posted the below new idea accordingly plz follow this one.
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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.