without_worries

Utrust vs USD - bearish engulfing candle

OKX:UTKUSDT   UTRUST/Tether
3-day chart above prints a bearish engulfing candle right at the same price point as previous high. This candle comes at a time when RSI supporting trend line breaks down.

Can price action go higher? Sure... that is possible, however, it is more probable to go lower; especially as Stochastic RSI crosses below 20.

1st target $0.40

2nd target $0.25

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: www.patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.