Hello Cryptocurrency Enthusiast,
still have the momentum, hopefully it will touch 4400, or even higher 4800?
The chart is self-explanatory. As you can see, is moving on an ascending and a very steep rising with contracting on Bitfinex, which means the run is out of gas. While, please remember the crypto-market remains under bears control.
What will happen in the following days? We have two critical levels of resistance up ahead:
1, Target One: 4400 – 4600 . 60% probability, might touch this area and then reverse down.
2, Target Two: 4800 – 5000. 40% probability, have a slim chance to move into this strong and come down.
I will be following those TOP clues and keep you guys posted. Please follow me! ; )
Tips: How can we identify the TOP?
1, We will see enlarging trading on the TOP candlesstick with typical TOP Patterns.
2, Oscillator indicators might be helpful to identify TOP, such as RSI/MFL etc.
Where do YOU think price is headed? Leave a comment with a chart and let’s share our thoughts!
I will be going more in depth into this analysis if it receives sufficient attention.
Happy Holidays Everyone!
PainKiller.
Published at Mon, 24 Dec 2018 05:11:16 +0000
