ALGOUSDT | Corrective Wave Started | Short

10 ก.ย. 2021

Reason:
1. Break the support Channel
2. Break the support Wall
3. Break the EMA support in 30M Time Frame
4. RSI Divergence
5. I think wave 5 is over

For the stop loss level consider the trendline and the EMA as a new resistance
The corrective path just a illustration about the ABC corrective wave, it can be flat or zigzag or another ABC

Disclaimer ON
this chart is not a signal you should follow, I just want to share what I think, if I made a mistake please let me know in the comments section, Thanks.

Break the EMA support in 30M Time Frame

10 ก.ย. 2021

การซื้อขายยังคงดำเนินอยู่

you can entry short when candle retest!

10 ก.ย. 2021

การซื้อขายยังคงดำเนินอยู่

another way using chart pattern, how about this guys?? look the relationship with the fibonaci, 76.4%, for me its still make sense LOL