THELOGICALINDIAN - Key Highlights
Dash amount is branch appear a above break, as there are several blemish patterns basic on the alternate chart.
Triple Top Pattern
A few canicule ago, we accent a double top pattern on the hourly, which stands accurate till date. Now, there is a amateur top arrangement forming, as there was one added bounce about the 0.0130BTC attrition area. However, as the aforementioned time there is a bullish trend band formed (as accent in yesterday’s post), i.e. preventing the downside every time sellers accomplish an attack to booty the amount lower.
There were several attempts to booty the amount beneath the accent trend line, but buyers succeeded in captivation the downside. The Lower Bollinger Band forth with the 61.8% Fib retracement akin of the aftermost beachcomber from 0.0124BTC to 0.0131BTC and trend band is acting as a acute abutment area.
The amount is currently beneath the 100 alternate simple affective average, but it hardly affairs because added things which are added important. We charge to see whether the amateur top arrangement is accurate or not, as if the amount settles beneath the trend band abutment breadth added assets are possible.
On the upside, the Middle Bollinger Band is an antecedent resistance. The best important hurdle is about the amateur top akin about 0.0130BTC-0.0131BTC.
Intraday Support Level – 0.0125BTC
Intraday Resistance Level – 0.0130BTC
The alternate RSI and MACD are assuming bearish signs, which is a assurance of a move bottomward in the abbreviate term.
Charts address of Trading View
