Technical sell analysis
Presented is a 1hr chart sell analysis.
We can see rejection around 118.000. We may see a slight pivot to make a complete retest of 118.000 before the drop.
I sentiment an incoming sell off if MACD/SIGNAL make a full cross through the 0 line. While this is happening we can see RSI forming a lower low breaking support in a slant pattern heading for the oversold zone.
I have 3 TP targets as mapped on the chart. These targets also serve as potential pivots. Do not jump the gun and close out unless there are pivots the\at breach key resistance.
Please comment with thoughts and ideas. Thank you.
We can see rejection around 118.000. We may see a slight pivot to make a complete retest of 118.000 before the drop.
I sentiment an incoming sell off if MACD/SIGNAL make a full cross through the 0 line. While this is happening we can see RSI forming a lower low breaking support in a slant pattern heading for the oversold zone.
I have 3 TP targets as mapped on the chart. These targets also serve as potential pivots. Do not jump the gun and close out unless there are pivots the\at breach key resistance.
Please comment with thoughts and ideas. Thank you.
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