Good evening to all steemeans.
Once again the market moved as we expected, as we discussed in the previous post https://steemit.com/cryptocurrency/@chepexx/cardano-06-04-2018 ,
We recommend waiting for the recession and enter the purchase and that was just what happened.
At these moments in the 4 hour chart we can see that it was rejected at the 50% fibonachi level and also our bullish trend line can turn into resistance.
The stochastic is at level 70 and the rsi at level 50.
In my opinion, I would take profits at this time, and I would wait to see if the price strongly breaks the 50% level of the fibo and becomes support again.
Always remember to take profit friends.
For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.
I say goodbye thank you for your attention, have an excellent week.
Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.
