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Correction Incoming? 5%? 10%? or 40%?
We're overbought on the weekly.
We need a downside move, and now would be a good time for that to coil up for the next big move.
Another indicator is on the daily, we have a huge wick to the upside -- bearish omen.
If we break the lower green line, we're in for a fall atleast 5% or according to fib.rt. a 10% drop on a daily, and possibly an up to 40% drop on the weekly.
Even if we drop up to 40% from here, we'll still be at a higher low on the weekly and riding along the bottom of the log.growth chart.; basically, still within the uptrend.
Bearish short term, Bullish long term.
We need a downside move, and now would be a good time for that to coil up for the next big move.
Another indicator is on the daily, we have a huge wick to the upside -- bearish omen.
If we break the lower green line, we're in for a fall atleast 5% or according to fib.rt. a 10% drop on a daily, and possibly an up to 40% drop on the weekly.
Even if we drop up to 40% from here, we'll still be at a higher low on the weekly and riding along the bottom of the log.growth chart.; basically, still within the uptrend.
Bearish short term, Bullish long term.
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Aviso legal
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.