Looking at the bigger picture (daily chart) there are a lot of troublesome things to point out:
Bearish divergence on RSI
MACD about to cross over
At the top trend line of the current channel
2 hard forks coming which brings uncertainty
Trade:
Short at $6000 or higher
Stop at $6250
Target $4850
Bearish divergence on RSI
MACD about to cross over
At the top trend line of the current channel
2 hard forks coming which brings uncertainty
Trade:
Short at $6000 or higher
Stop at $6250
Target $4850
Note
Move stop to $5850
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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.
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.