All Indicators point to more downside movement on the 4 hour chart.. A little oversold but still plenty of space to carry on the trend and a lot of momentum still building up on the downside.
The 1 Day chart looks also Bearish the Chikou span has dropped below the trend and the day candle is sat in the cloud.
Has a long way to go down on the Stochastic and MACD was in overbought territory for a while..
I expect it to drop to $23-$24 where it will fill a Gap and also find support.
The 1 Day chart looks also Bearish the Chikou span has dropped below the trend and the day candle is sat in the cloud.
Has a long way to go down on the Stochastic and MACD was in overbought territory for a while..
I expect it to drop to $23-$24 where it will fill a Gap and also find support.
Comment:
Apology, the Gap at this level was already filled, But still a good support line.