Expecting the unexpected.
Just when everyone is feeling very Bullish, a classic "Rug Pull" could ensue.
Potential "Dead Cat Bounce" scenario after a bounce off support (green bar) and a classic Inverse H&S (possibly currently forming).
Keeping aware of this scenario as a Bearish Divergence has been painted on the Day MACD
and the Stoch RSI has approached the Overbought Territory.
(Expand the MACD and Stoch RSI on this chart)
The signs are on the chart.
Price action is KING!
More power to all your trades, my friends.
Ron
Intrepid_Trader
Just when everyone is feeling very Bullish, a classic "Rug Pull" could ensue.
Potential "Dead Cat Bounce" scenario after a bounce off support (green bar) and a classic Inverse H&S (possibly currently forming).
Keeping aware of this scenario as a Bearish Divergence has been painted on the Day MACD
and the Stoch RSI has approached the Overbought Territory.
(Expand the MACD and Stoch RSI on this chart)
The signs are on the chart.
Price action is KING!
More power to all your trades, my friends.
Ron
Intrepid_Trader
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Week Chart:
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Check this post out.
