WEMIX is close to a 1day Golden Cross and naturally this draws some comparisons with the last 1day Golden Cross on March 7th.
The price turned bearish when it closed under the 0.382 Fibonacci level.
The current 0.382 Fib is around 0.9400, if crossed then sell and target the 1day MA50 at 0.85000.
If the 0.236 Fib breaks first (1.07350), then target 1.32000 (recent top).
Last week's 1day MACD Sell Cross has to favor the bearish case.
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The price turned bearish when it closed under the 0.382 Fibonacci level.
The current 0.382 Fib is around 0.9400, if crossed then sell and target the 1day MA50 at 0.85000.
If the 0.236 Fib breaks first (1.07350), then target 1.32000 (recent top).
Last week's 1day MACD Sell Cross has to favor the bearish case.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
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TELEGRAM: t.me/thecryptagon
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TELEGRAM: t.me/thecryptagon
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.