(1) Macro Downtrend (Below 50/100/200 Moving Average). Trend=Oversold (RSI)
(2) POC =$24.8
(3) Decreasing OBV (Negative)
Conclusion:
1. Is Demand(6) Zone respected?
Buy Zone #1: 14.37 - 13.88
Buy Zone #2: 10.7 - 9.14
Price Tgt #1: 21.28 (Trend Line)
Price Tgt #2: 26.16
Review=
1. Break Demand 6 (!)
2. Unknown Hype
*POC=The price level for the time period with the highest traded volume.
DISCLOSURE: This is a personal trading idea, Not a Trading Advice. This is pure for educational purpose.
(2) POC =$24.8
(3) Decreasing OBV (Negative)
Conclusion:
1. Is Demand(6) Zone respected?
Buy Zone #1: 14.37 - 13.88
Buy Zone #2: 10.7 - 9.14
Price Tgt #1: 21.28 (Trend Line)
Price Tgt #2: 26.16
Review=
1. Break Demand 6 (!)
2. Unknown Hype
*POC=The price level for the time period with the highest traded volume.
DISCLOSURE: This is a personal trading idea, Not a Trading Advice. This is pure for educational purpose.