Previous shrap price increases lead to retracement to 0.382 fib lines. Associated with large gap between EMA and 50 day SMA, and subsequent cross over.
MACD pattern. Will increase again, may follow RSI for correction.
Acc/Dist seems high.
Price movement may be 3rd or 5th leg of Elliot impulse
Difference of 357% and 227% price growth decrease by magnitude of 66%. Next increase 66% less, or + 143% price gain, followed by similar depreciated 35% price correction.
Short position at 0.00061 and 0.00067. Re-entry at 0.000445.
Thoughts?
MACD pattern. Will increase again, may follow RSI for correction.
Acc/Dist seems high.
Price movement may be 3rd or 5th leg of Elliot impulse
Difference of 357% and 227% price growth decrease by magnitude of 66%. Next increase 66% less, or + 143% price gain, followed by similar depreciated 35% price correction.
Short position at 0.00061 and 0.00067. Re-entry at 0.000445.
Thoughts?