Or ever.
For the TA, stairway up for 4 years, elevator down for 4 months. ABC correction pattern with 0.382 retracement. Retesting the 4h 200 ema at a level where there is multiple resistances and RSI looks set to drop. At the estimated target of 2916, RSI will form a hidden bearish divergence, which means a continuation of the downward trend.
1 to 1 A to C ratio puts the final target at 1736, around a 40% drop.
For the TA, stairway up for 4 years, elevator down for 4 months. ABC correction pattern with 0.382 retracement. Retesting the 4h 200 ema at a level where there is multiple resistances and RSI looks set to drop. At the estimated target of 2916, RSI will form a hidden bearish divergence, which means a continuation of the downward trend.
1 to 1 A to C ratio puts the final target at 1736, around a 40% drop.
Commento:
forget to mention the ichi twist tempting price to fall though it.
