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Weekly
Looking at our trend timeframe we see price continuing its downtrend with no signs of reversal. Stochastic RSI showing momentum is starting to shift in favor of bulls. Last time we were at this price we saw a run from 2000 up to 17000, do we see price action repeat itself?
Daily
Shifting over to our pattern timeframe we see price currently testing our resistance at 2100, stochastic rsi showing momentum also in favor of bulls. A rejection from this level and expect our sell off to continue towards 1750. A daily close above 2100 activates our trade.
Conclusion
- Buy: After Daily Close Above 2100
- Sell: Nooo
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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.
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