CHR / BTC pair seems bad to trade(No trade area) right know because of Double Top.
The double top isn't confirms yet, but the signs that bull is weakening are occur :
1. 2nd peak is lower 1.5% than 1st peak
2. 2nd peak has lower volume than 1st peak
If the price doesn't bounce at Fibo 0.618, 0.718, and 1 it can be disaster
There is hope at Fibo 0.718 because there is EMA 55 waiting
The next target if double top confirm is mapped using Fibo in violet line and arrow that pointing to the south of the chart
What do you think? will the disaster come?
Free to discuss on comment section below 😁😁😁
The double top isn't confirms yet, but the signs that bull is weakening are occur :
1. 2nd peak is lower 1.5% than 1st peak
2. 2nd peak has lower volume than 1st peak
If the price doesn't bounce at Fibo 0.618, 0.718, and 1 it can be disaster
There is hope at Fibo 0.718 because there is EMA 55 waiting
The next target if double top confirm is mapped using Fibo in violet line and arrow that pointing to the south of the chart
What do you think? will the disaster come?
Free to discuss on comment section below 😁😁😁