Sovsen

Could we see a possible bottom?

BYBIT:NGLUSDT   NGLUSDT SPOT
Looks like a falling wedge to me
Daily is near oversold on RSI
4H is already oversold

Next resistance from here is a 35% move to the upside

For now, lets wait and see if there will be any double bottom formation or a quick recovery to the upside.

Tomorrow will be important as CPI is coming out.

Now will be a good buy for a great entrypoint

Hope y'all like this idea

Remember

This is no financial advice, take caređź”®

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.