I expect TRB to lose momentum go back to at least 21 daily MA . As you can see MACD start to close its distance and it seems that it will cross down soon.
when i check trend based fib extention , it extended until 4.236 fib extention and it stopped its moving upside progress.
And you can also see that there is divergence between price and RSI , price makes higher highs but RSI doesnt make higher highs , so it means it is losing its upside momentum.
It seems this it the end of increasing wave and there will be a correction which can go to at least 21Daily MA which is at 31 and it can go down to 35 Daily MA which is at 26.
Disclaimer: The purpose of this anaşlyse is for educational reasons , this is not a trading advice , please make your all decitions according to your own risk analyse.
when i check trend based fib extention , it extended until 4.236 fib extention and it stopped its moving upside progress.
And you can also see that there is divergence between price and RSI , price makes higher highs but RSI doesnt make higher highs , so it means it is losing its upside momentum.
It seems this it the end of increasing wave and there will be a correction which can go to at least 21Daily MA which is at 31 and it can go down to 35 Daily MA which is at 26.
Disclaimer: The purpose of this anaşlyse is for educational reasons , this is not a trading advice , please make your all decitions according to your own risk analyse.
After a consolidation phase second decrease can start to 16 usdt. i will update this idea during the consolidation phase