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Weekly
Looking at our trend timeframe we see price continuing to respect our downtrend with no signs of reversal. Support has been found 180000, double bottom expected at 180000, will watch smaller timeframe for entry.
Daily
Shifting over to our pattern timeframe we see price has formed a double bottom at 180000, Stochastic RSI showing momentum is in favor of bears. A daily close above 212000 activates our trade, however if we do not see a daily close above hold at 212000 expect a sell off towards 170000.
Conclusion
- Buy: After Daily Close Above 212000
- 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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