A rather large engulfing bearish candle, falling RSI - don't know what's going on here.
Trade closed: target reached
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If we're not at the bottom already we soon will be. Good moment to start dollar cost averaging in. Could go to $4, but timing is a fools game. Already bullish divergence is showing between volume and price.
Trade closed: target reached
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Boom $4, the end station. Tightening Bollinger bands indicating a big move is ahead, which direction? That's the question. However, Stochastic RSI including the weekly is on the floor, RSI on the 1-day continues to show resistance on indicated downtrend but as you can see it has less and less space to hide. I'm closing this short for sure.