Very low volume, zero lag MACD/LSMA divergence, godmode lsma is in the middle. With a tight stop, you could possibly pull a 10% gain shorting here, but I'm looking for a buy in the green box. Also, there is a thin part of the ichi cloud that price can fall through on the 1H. 4H looks like price needs at least one more dip before another run.
Here is what I am looking at.
- Left side: 4H, right side: 1H
- Colored pitchfork: same pitchfork this idea used, white pitchfork: shows another uptrend move.
- Price is still below: the median bollinger band line on the 4H, .618 pitchfork (colored) resistance on the 4H, white pitchfork resistance, resistance cloud on 1H.
- A line can be drawn from the top at 1.25 to the last major low at 1.6. I think that price is going to make a quick move down to this line before the next big move up. If it did this, it would be hitting: the bottom of the 4H bollinger band, the median of the colored pitchfork, and the bottom of the white pitchfork.
I am still short and looking for a buy around 1.7 before next big move up. Good cloud support on the 4H to the right. Price just needs to consolidate more towards it.