No change in view.
The share is overbought quite a bit, and also it shows clearly negative divergence. The candle stick patterns suggest topping patterns and we are supported by first GANN @ 225 area and thereafter 156.00.
I feel we should see lower levels. and knowing full well how crypto's can move, it is fair to say we could reach $ 155-175 for corrections.
Strategy SELL @ $ 260-290 and place SL above $ 305 and take profit @ $ 165 for now.
The share is overbought quite a bit, and also it shows clearly negative divergence. The candle stick patterns suggest topping patterns and we are supported by first GANN @ 225 area and thereafter 156.00.
I feel we should see lower levels. and knowing full well how crypto's can move, it is fair to say we could reach $ 155-175 for corrections.
Strategy SELL @ $ 260-290 and place SL above $ 305 and take profit @ $ 165 for now.