Quick review ( last 24hrs )
We go down to $7,310 very very quickly, it looked well, but.....
Small dumping happend, and failed to break up the channel, and finally go down to $6,666.1
In Wave perspective, I think It could go up one more time.
So, I think it is time to get into long position with low risk.
4hr RSI is still holding, MACD 4hr is still holding, we have bull flag and...it managed to get supported by neckline
This red area is kind of "falling three method" pattern, so I suggest you to get into long position in green area and hoping to be recovered into blue BOX
EP :$6,675
SL : $6,641 or $6,558 ( I think $6,641 is more proper price)
TP1 : $6950
TP2 : $7,050+
cf. I am now on long at $6,680 and considering to put more volume at $6,675
Note
It managed to defense it :D
if next 4hr chart candle end above $6,660, I consider bulls managed to win the battle, based on 4hr RSI
Note
lol forced EW failure, it will go down at least to $6,558
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.