Daily
Looking at our highest timeframe we see price has close above $6,700 activating our trade to $7,500. Momentum showing bulls are temporarily in control. Expecting a rejection at $7,500 to be followed by a higher low if we are going to continue our uptrend, however if we close below our intend HL expect price to fall towards $5,000.
4Hour
Shifting over to our pattern timeframe we see price is currently consolidating below $7,000, momentum looks like it has topped out. A close above our channel and expect a radical push towards the upside, however if we get a close below $6,500 expect price to drop towards $5,000
Conclusion
- Buy: After 4Hour Close Above $6,800
- Sell: 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.
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