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Success 4 hours chart of CYPTO

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#1
4-hour chart
The contracting triangle seen above looks likely to be breached to the lower side, as suggested by the daily and monthly indicators.
The ascending 100- and 200-candle MAs, currently at $8,928 and $8,558, respectively, could offer support if a drop out of the zone is confirmed.
The bearish view would be invalidated if the triangle ends with a high-volume bullish breakout. In that case, a retest of $10,000 could be seen.
Disclosure: The author holds no cryptocurrency assets at the time of writing.
Bitcoin image via Shutterstock; charts by Trading View
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#2
(11-08-2019 11:23 AM)Kraeon Wrote: 4-hour chart
The contracting triangle seen above looks likely to be breached to the lower side, as suggested by the daily and monthly indicators.
The ascending 100- and 200-candle MAs, currently at $8,928 and $8,558, respectively, could offer support if a drop out of the zone is confirmed.
The bearish view would be invalidated if the triangle ends with a high-volume bullish breakout. In that case, a retest of $10,000 could be seen.
Disclosure: The author holds no cryptocurrency assets at the time of writing.
Bitcoin image via Shutterstock; charts by Trading View
Reply


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