Price has now formed a Falling Wedge, might be getting ready for another pump.
Note worthy: There's a bearish divergence on the RSI that has already formed. When this pump runs out of steam, that bearish divergence has to be fulfilled.
Upside Breakout Target: $8,550
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get wrecked with your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
More Power To All Your Trades,
Ron (The Intrepid Trader)
Note worthy: There's a bearish divergence on the RSI that has already formed. When this pump runs out of steam, that bearish divergence has to be fulfilled.
Upside Breakout Target: $8,550
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get wrecked with your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
More Power To All Your Trades,
Ron (The Intrepid Trader)
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Correction on Upside Breakout Target: $11,350
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Price has now formed a rising wedge. This could breakout to the downside. Target: $8,600
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Will the price dip down to $8.8K and fulfill the bearish divergence? We'll find out soon.
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Descending triangle may result to a $300-$500 drop.
