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The market has stabilized, the first signs of a downtrend appeared

July 29, 2019 12:49:06 PM by Patrick Yang
Forecast Details
Direction Sell
StatusClosed (0.6945)
Jul. 29, 2019
Aug. 5, 2019

-100 p
Stop Loss
+110 p
Target 1
Chart & Analyst Comments

The downwards scenario is quite obvious, but the presence of a large number of "fellow travelers" will not allow the price to immediately go down. We expect a false move up and afterwards set up a Sell Limit.

  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. There is an increase in Sell Orders when the price attempts to move down. We expect an upward movement to eliminate the accumulated sellers. We recommend to set Sell Limit at 0.6945.
  3. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
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