$ANT, Repeat…

BITTREX:ANTBTC   Aragon / Bitcoin
Looking at our trend timeframe we see price is respecting our bearish channel , stochastic rsi showing momentum remains in favor of bears with no signs of slowing down. Last time we were at this price we saw a jump from 10000 up tp 60000, could we be seeing the same thing here, or is ANT looking to form a lower low. Will watch smaller timeframes for a reversal.

Shifting over to our pattern timeframe we see price has formed a lower high at 15150, stochastic rsi showing momentum in favor of bulls. A daily close above 15150 activates our trade and breaks our downtrend structure, however if rejected at this level expect a sell off towards 12000.

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