Updated
IOSTBTC Expected decrease and bounce
At the 1-hour timeframe chart it can be seen that a straight Head & Shoulders pattern has been formed and a half of bearish XABCD too.
Technical indicators are also bearish: Stoch RSI is going to hit overbought zone, while DMI shows low, while moving averages suggest a further reverse.
We recommend to fix profit from this bounce around 0.00000128 and rebuy again at 0.00000117
Technical indicators are also bearish: Stoch RSI is going to hit overbought zone, while DMI shows low, while moving averages suggest a further reverse.
We recommend to fix profit from this bounce around 0.00000128 and rebuy again at 0.00000117
Note
The price touched the buying zone we mentioned in the previous analysis and bounced. We expect a wave growth to our targets in the short term
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Level up your crypto trading with Skyrexio:
• Turn TradingView alerts into exchange orders
• Create no-code bots and backtest them
• Copy top-performing bots in a click
• Execute multi-order smart trades
Join free:
skyrexio.com
• Turn TradingView alerts into exchange orders
• Create no-code bots and backtest them
• Copy top-performing bots in a click
• Execute multi-order smart trades
Join free:
skyrexio.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.