currently, the price action is below both ema's and entering a diagonal channel which won't have much time for reversal or the downtrend will continue.
shows a very rare oversold and the lagging span is going towards the diagonal support already. let's hope it finds its way to the cloud.
My recommendation is not to get in or short while the price action is within the yellow and red dotted channel; instead, place your entries/Long orders over the yellow and red dotted channel and once in go with the diagonal support as your Stop Loss.
Inverted hammer Doji with great volume and squeezing of Ichimoku cloud looking very bullish on daily!
BTC bearish sentiment with the price action and the lagging span under the price action is going to 9400 zone and if that doesn't hold the bulls 9060/9070 will be in soon.
We will wait till a good buy volume kick in for longs.
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