Looks like forming a falling wedge now. SRSI and RSI looks bullish on 1 and 2hr, MACD could turn up on 1hr, on 2hr still bearish looking,
I was expecting that it will retest 200sma at least, on a bigger timeframe not so bullish, so this could be a short pull-back move only (scalp trade).
Maybe just bearish retest of this WHITE trendline that used to be support, and now we broke down from it so it should act as resistance now.
So if entering long, watch breakout level (yellow line) 20sma (blue line), resistance trendline of that new falling wedge, and that white trendline... All of them you should look at as resistance now.
That is really a LOT of RESISTANCE LEVELS stacked near each other, so be careful...
Good luck traders
I was expecting that it will retest 200sma at least, on a bigger timeframe not so bullish, so this could be a short pull-back move only (scalp trade).
Maybe just bearish retest of this WHITE trendline that used to be support, and now we broke down from it so it should act as resistance now.
So if entering long, watch breakout level (yellow line) 20sma (blue line), resistance trendline of that new falling wedge, and that white trendline... All of them you should look at as resistance now.
That is really a LOT of RESISTANCE LEVELS stacked near each other, so be careful...
Good luck traders
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The boost would help also...
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The boost would help also...
Doors are now open to my free Telegram channel.
Welcome!!
t.me/CryptoBarbecueChannel