Weekly
Looking at our highest timeframe we see price remaining to test our dynamic and horizontal support. Stochastic RSI showing momentum is heading towards the downside. Still expecting a double bottom to form at $7,000.
Daily
Shifting over to our pattern timeframe we see has remained above $7,500. Stochastic RSI showing momentum is slowing down on the daily, price is forming higher lows on the smaller timeframes.
4Hour
Finally looking at our trigger timeframe we see price has found minor resistance @ $7,600 and minor support $7,350. Stochastic RSI showing momentum is heading towards the upside, a 4hour close above either level indicates our direction.
Conclusion
- Buy: After a 4hour close above $7,600 / Daily close above $8,000
- Sell: NO NO NO
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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.