Short
COVER/ TETHER SHORT
Cover before has been hit by badnews and recovered and I see this coming back stronger. BUY IN THE $400-600 and if you want to be safe buy on the reversal. Not indicated if we hit a bottom for sure but short term we might see $600-800 next couple days/weeks. I displayed two scenarios of how it can bounce and it's following the uptrend directional perfectly. We need to break out of this Red downtrend and cut-through resistance. TARGETS MAX $2000 and a Low of $800
Note
Following Purple Trend NiceNote
rejected target 1 as resistance but it has broken out of the downtrendNote
bounced on yellow uptrend line still on negative indicators on flag but we could bounce nice to target 1 in the coming daysNote
BEARISH TERRITROYNote
HUGE DUMP
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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.