Price has been hanging around .07 for a while and it looks to finally be breaking. Looking at RSI
, we can see over the last few periods we have made lower highs/ lower lows while potentially breaking through its rising channel
support. The thing to note is DI+/-, as well as ADX
are all below 20 so this thing hasn't even begun according to our favorite trend indicator. I think it's best to hold our shorts here and just watch crypto burn for a while. .04 followed by .015 are very much within the realm of possibilities. Make no mistake I am a long term bull but I'm trading what I see. Good luck.