Hello All,
RLC just hit the 3D SR and 3D order block. From here I am expecting a re-trace on it.
My reasons are:
Daily and 2D Shepherd: On both of this TFs we see Shepherd over extended with Daily showing bearish div. On 2D the indicator still has some more room to move up but it is getting into higher levels. And from its short history we see in past when Shepherd reached this higher levels RLC saw big retracement.
Daily TM: This asset moved so fast that now it is trading quite far away from the TM daily ribbon (red ribbon). When price goes so far away the ribbon start to act like a strong magnet and pull price closer. So, in coming day we could see nice retrace to test the ribbon.
From previous PA and my indicators, I have highlighted 2 key level (0.00008226 and 0.00005864) which could provide a nice buy opportunity when this asset does come down.
Happy and safe trading…
Chao…
RLC just hit the 3D SR and 3D order block. From here I am expecting a re-trace on it.
My reasons are:
Daily and 2D Shepherd: On both of this TFs we see Shepherd over extended with Daily showing bearish div. On 2D the indicator still has some more room to move up but it is getting into higher levels. And from its short history we see in past when Shepherd reached this higher levels RLC saw big retracement.
Daily TM: This asset moved so fast that now it is trading quite far away from the TM daily ribbon (red ribbon). When price goes so far away the ribbon start to act like a strong magnet and pull price closer. So, in coming day we could see nice retrace to test the ribbon.
From previous PA and my indicators, I have highlighted 2 key level (0.00008226 and 0.00005864) which could provide a nice buy opportunity when this asset does come down.
Happy and safe trading…
Chao…