Price has broken through the corrective channel, along with forming a head on shoulders formation. Watching for a break of the neckline for a trend continuation to the downside as price is making lower lows & highs..
with current momentum, do you think it's gonna keep going down or make another retracement?
Profound_Ambition
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@iamanas22, might move sideways a bit but may continue lower quickly as well. Stock market broke all time highs this week as the FED plans on cutting rates for the USD.
Cryptoforexmarket
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Will it keep dropping ?
Profound_Ambition
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@xinvested, once support / neckline is broken bearish momentum will kick in & push price down quickly
Bullandbeartrading
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Very good short Set up.
Profound_Ambition
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@Bullandbeartrading, will be a small risk for a massive reward after proper confirmation of course (;