Where will I enter? On the weekly chart, I wait for the price to reach 52.5, as I set my alarm there. -There, the price will have reached the bottom of the channel coinciding with #EMA50, and also the trend to form a positive divergence with #RSI. The rise, if it happens, will be speculative only, and the price will return to decline later to reach the shaded area at 17$.
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.