The channel idea before was good, I sold at 6960 and re-bought at 6777. Now it has broken the channel, apparently downwards but I think this is the (c) part of a wave series that is part of a larger wave (2).
So I expect the price to raise again, possibly swinging up and down in the channels as before, which btw are also resistances and supports.
So the blue lines are, I guess, some possible movements. Unless the price will go further down testing the previous low. This wouldn't surprise me so much, yet another bear trap from the whales.
Trade at your own risk, this is no suggestion as I am really a noob!
So I expect the price to raise again, possibly swinging up and down in the channels as before, which btw are also resistances and supports.
So the blue lines are, I guess, some possible movements. Unless the price will go further down testing the previous low. This wouldn't surprise me so much, yet another bear trap from the whales.
Trade at your own risk, this is no suggestion as I am really a noob!
Comment:
On the 30 mins chart the RSI shows very oversold, price should rebound any minute. I hope my analysis (guess) before still holds