SUMMARY
SmarCash (SMART/USD) is in an overall bullish phase in that it is patterning out the Cup & Handle formation. However, since the Cup is complete, the handle needs to be formed. The below chart shows a potential 50% retraacement of the recent rise so as to complete the handle pattern.
The MACD is curling downwards at an overbought stage. This will likely pull prices down towards a 0.5 or 0.618 Fib zone level.
The bearish harami is quite apparent. The long red candle is encompassing the prior, shorter, green price candle. This culminates well with the pattern and MACD readouts for a correction.
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