More signs of bottoming out, massive decision looms
Seeing more signs of bottoming out as price is steadily breaking downtrend lines, and a massive decision is imminent.
Weekly RSI dipped to 36 where we saw the 2018, 2019 and 2020 lows, and divergence is looking bullish.
For the long-term investor, I think the risk/reward favors longs, even in a bear market scenario. For the short-term swing trader, I think the risk of a break to the downside is too high, unless you can stomach a stop-loss below $0.90.
Weekly RSI dipped to 36 where we saw the 2018, 2019 and 2020 lows, and divergence is looking bullish.
For the long-term investor, I think the risk/reward favors longs, even in a bear market scenario. For the short-term swing trader, I think the risk of a break to the downside is too high, unless you can stomach a stop-loss below $0.90.
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