Hey All,
I do TA for educational purposes. I'm new, do not make any trades based on what I say. I am mearly trying to show what I see and if anybody wants to comment with different ideas go for it please.
What I'm seeing is two major red flags.
First- It looks on the 4hr chart that we have been inside a rising wedge. This is a bearish symbol.
Second- Bearish divergence between price and volume. Price is going up, volume is going down. This shows that any upside in price is on a weak foundation. You need more buyers to continue to support that price at the moment.
I've been a long time Hodler but I've sold all my bags for this reason and some financial ones. I plan to buy back in when the market is looking better and I'm in a better place financially for investments.
I do TA for educational purposes. I'm new, do not make any trades based on what I say. I am mearly trying to show what I see and if anybody wants to comment with different ideas go for it please.
What I'm seeing is two major red flags.
First- It looks on the 4hr chart that we have been inside a rising wedge. This is a bearish symbol.
Second- Bearish divergence between price and volume. Price is going up, volume is going down. This shows that any upside in price is on a weak foundation. You need more buyers to continue to support that price at the moment.
I've been a long time Hodler but I've sold all my bags for this reason and some financial ones. I plan to buy back in when the market is looking better and I'm in a better place financially for investments.