Daily
Looking at our highest timeframe we see price counting towards the downside no signs of slowing down. Ideal major support at $5,000 or $1,500 if worst comes to worst. Stochastic RSI showing momentum continuing towards the downside, with no confirmations of slowing down.
4Hour
Shifting towards our pattern timeframe we see price had a radical push from $5,750 up to $6,200, stochastic rsi showing momentum is heading towards the upside. A 4hour close above $6,750 activates our trade, otherwise expect a drop towards $5,000
Conclusion
- Buy: Daily Close Above $6,700
- Sell: NO
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