SPOT Short Opportunity
Hello traders !
As you can see,price is in a long-term upward move. Now we have some sellers in action which has formed a rising wedge pattern. If my prediction is correct,then we could see also a double top formed on H1 timeframe. I expect price to fall to its nearest support level,which is also in a combination with 0.50 fibonacci level. Also RSI shows some divergences on the lower timeframes
As you can see,price is in a long-term upward move. Now we have some sellers in action which has formed a rising wedge pattern. If my prediction is correct,then we could see also a double top formed on H1 timeframe. I expect price to fall to its nearest support level,which is also in a combination with 0.50 fibonacci level. Also RSI shows some divergences on the lower timeframes
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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.