Daily
Looking at our trend timeframe we see price has structure has remained the same and is continuing its bearish trend. Stochastic RSI showing momentum is looking bullish, slowly starting to head towards the upside. A daily close above $6,700 and we should see a nice jump towards $7,600, however if price fails to close above this level expect a drop towards our next major support $5,000.
4Hour
Shifting over to our pattern timeframe we see price continuing to remain below $6,700, we are now starting to range between $6,650 and $6,300 with each day moving less and less. Stochastic RSI showing momentum is looking like it has topped out. Waiting for a daily close above $6,700 before we take any more long term buys, a close below $6,300 and we should see a drop towards $5,000
Conclusion
- Buy: After Daily Close Above $6,700 / Bounce Off $5,000
- Sell: NO
Comment Down below what coin you want me to do next! ;)
Thank You for Your Support, Upvote and Follow!!! New Blog and Video everyday
Social Media:
Twitter
Instagram
InvestFeed
Tradingview
Crypto Trading W/ Leverage
How to Draw Trend-lines & Identify Trends
How to Draw Support/Resistance, Price Only
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.
Congratulations, your post received 14.14% up vote form @spydo courtesy of @kidmartin-95! I hope, my gratitude will help you getting more visibility.
You can also earn by making delegation. Click here to delegate to @spydo and earn 95% daily reward payout! Follow this link to know more about delegation benefits.