While it is no perfect inverted hammer, I believe we will see a trading range between 7900-8200 for the next 24 hours. RSI and MFI are perking up. Still respecting the long term log trend line, descending broadening wedge (shown in purple) and the larger ascending triangle.
Note
Ignore the the green/red trend lines on indicators. Forgot to delete them
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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.