4 hrly chart; channel to upside broken; then channel to downside broken down too.
see the divergence- between price & RSI. So, if tutes start buying in area 1 are they going to sell or add in area 2 or below? and are they going to sell below area 1 or above it?
coming out of oversold territory. Resistance areas to watch for- $8, 8.5, 9.4.
coming out of oversold area. Resistance areas to watch $8, 8.5, and 9.4 .
if you are interested in some crypto action this is looking good. With all the positive news coming out for it, might be looking for a decent up move sooner than later, depending on how the market stays.