As you can see we are at the top of the third wave which is part of a larger series of Elliot waves that begin from late December. I've indicated the larger waves in purple. We are currently losing volume along with the histogram on the macd decreasing. The Rsi has touched the oversold territory twice so we can expect a break to the downside. I've placed a green rectangle to indicate my personal buy zone which is a 50 % retracement of wave 3.
@parisian788, As you can see we have hit the line of resistance. I still project it will head towards my buy zone. We will have to see how the price reacts when it re approaches the line of resistance. We could possibly see some sideways movement before breaking through.
@parisian788, If you look at the most recent green candle you can see the wick reached into my buy zone which had you placed a buy order, could have given you a quick 5% gain. I would personally however wait until I see more candles in my buy zone along with supporting evidence of the next wave.