The short term oscillators are pretty heated and in peaks on their wave formations. Stochastic RSI and RSI is starting to crest loosing momentum. I expect a move down to retest $1.50. The $1.60 area is looking like a strong resistance. This is not a long term setup!
Stop Loss: $1.575
Profit level 1: $1.50
Profit level 2: $1.42
Profit level 3: $1.38
Much peace, love health, and wealth!
Stop Loss: $1.575
Profit level 1: $1.50
Profit level 2: $1.42
Profit level 3: $1.38
Much peace, love health, and wealth!
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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.