Potential bearish trend reversal expected. Projecting BCD reciprocal targets extending 2.618 and 3.618 aiming local demand zone. That's a potential wave 1 to ignite. Wave 2 about to extend Fibonacci @ 61.8% (future local supply).
The price rallied to test neckline (dashed-white line) of a micro Head & Shoulders.
Technicals:
Centered oscillator Chaikin Money Flow based on volume showing signs of weakness with divergences; plus 100MA x 100EMA bearish cross.
Trade ativo
Collecting divergences on Fisher Transform, Chaikin Money Flow and ESCGO_LB (smoothed stochastic)
Trade ativo
As shown on this print of 15M chart, Chaikin Money Flow is printing a hidden bearish divergence as RSI not.
Trade ativo
Based on my waves count, if CZ coin broke this rising wedge, a swing downward could be very profitable. A wave 3 could drop 40% after a rally of retest.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.