On the daily and on the 3 hrly as well.
There is a significant chance for a retracement to retest at least the red 21 EMA (also where the gray DVI line on the 3hrly is at) at about 0.0013 BTC.
More short-term bearish movement expected if this red 21 EMA on the 3 hrly that have been acting as support during the recent short-term bull run since 2nd Aug failed to hold (see chart above).
Price may then go further down to revisit the gray DVI line on the daily at 0.00108 BTC.
PRISM ANALYSIS
CYBER CHANNEL ANALYSIS
Price have already reached the D level (i.e. the 7-8 Stdev level), indicating over exuberance within too short a period of time, and needs to cool down -- either by a retracement, or through time (i.e. sideways/stagnation), or a bit of both; before further upside can continue in a healthy manner.
There is a significant chance for a retracement to retest at least the red 21 EMA (also where the gray DVI line on the 3hrly is at) at about 0.0013 BTC.
More short-term bearish movement expected if this red 21 EMA on the 3 hrly that have been acting as support during the recent short-term bull run since 2nd Aug failed to hold (see chart above).
Price may then go further down to revisit the gray DVI line on the daily at 0.00108 BTC.
PRISM ANALYSIS
- pRSI's STOCHs indicator flashes red (i.e. overbought)
- AJ-Ribbon (Acceleration/Jerk) on a downward trajectory being pulled down by the Snap-Oscillator (yellow/pink) that already plunged sharply into the negative. Hence, expecting momentum to fall significantly within the next couple of days.
CYBER CHANNEL ANALYSIS
Price have already reached the D level (i.e. the 7-8 Stdev level), indicating over exuberance within too short a period of time, and needs to cool down -- either by a retracement, or through time (i.e. sideways/stagnation), or a bit of both; before further upside can continue in a healthy manner.