Breakout imminent!

9 dic 2018

..

9 dic 2018

Trade attivo

Tech Indicators for Bearish movement: I think there is a head and shoulder forming and is more bearish in the next couple of hours. Then there is a wedge within which the price is stuck now, and potentially will breakout downwards as there are more sell orders in the order books.

Tech Indicators for Bullish movement: The Stoch RSI is diverging from the price movement on the 4H scale and there is a potential of a run upside and test the 3600 USD level. Might happen if there is another try by the bulls with significant buy volume.

9 dic 2018

Nota

A breakout happened upwards. But is with very low volume,so I presume this can be more of a fakeout rather than a breakout, Can go higher only with good buy volume.

Has the the potential to fall back downside with some good sell volume.

Personally prefer to be neutral till a clear sustained breakout happens with good volumes in either direction.

9 dic 2018

Nota

Is also possible to look at the current structure as transforming from a pennant to a bear flag now.