So if you followed my yesterday's update, I talked about two scenarios that could take place and the first scenario which I said I believe is going to take place and that is what happened, the price dropped however I was incorrect with the price that it would drop to, still it was a good price to short at 7700 USD. However my prediction was a drop to 7588 USD and the price has dropped to 7400 USD and is trying to find its support at this area however I think there will be a further drop in the price and it will find its support at 7300 USD price range. The STOCH RSI is showing oversold which is a bullish signal however in my opinion the STOCH RSI will play around this area before going up so the price might fall down and bounce back from 7300 USD to 7800 USD and after we break this resistance that will be a solid confirmation of the next bull run.
Good Luck, Traders!
Ashanti!
Good Luck, Traders!
Ashanti!
