#JTO is been selling off from the major resistance zone of $2.78 - $83 and reach a strong flip level (Blue Zone) of $1.81 - $1.85. Wait for the daily candle to close before entering any setups. Shorts only after a H4 candle giving a break and close below. Price broke the trendline too, so a break below for shorting will high probable.
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Bitcoin is starting a major downtrend. We have a bearish flag that is ready for a breakdown. Bullish flags are probably the most powerful patterns, and after a breakdown, a massive dump follows, especially on Bitcoin. Bitcoin got rejected from the Fair Value GAP on the daily chart. These gaps are always a strong support or resistance, so pay attention to them. From the Elliott Wave perspective, we have finished the wave (X), and we are ready for a final dump, which can be steep and strong.
Where to buy bitcoin? To answer this question, we need to take the Fibonacci extension tool and measure the 1:1 extension, which is a common retracement for a corrective wave.
💰 $BTC & 💰 $ETH are both overbought on weekly timeframe🔻
The range is likely to be a distribution and correction follows📉
An overbought crypto is one that is overvalued, which means the outlook is bearish as there will be a pullback on the crypto soon, meaning its price will fall as investors start selling.
Be aware with the trades on BTC and ETH.
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#IDEX is above the support area in the 1-hour time frame. The significance of this support level suggests that the price has the potential to experience an upward surge,the price can be pumped from this area. 🏌♂
please also do your own analysis before taking trade.