Even that's true it has a lot of resistance, it has a good F.A too, so here you can see how it broke out the first downtrend resistance since it's ATH, now it has already touched 2nd resistance and is pivoting in the ascending trend line giving us a good Entry point. I used Gana Fan to stablished some resistance lines, and it is currently below the 2/1 level.
RSI is in oversold area at 1hrs Chart, and in the daily is close to the bottom so I expect a bounce somewhere around 200-220$.
In the Long Term it has a lot of resistances making the major one at 350$ at the moment. So for me is just about time to make it happen.
Play safe!
RSI is in oversold area at 1hrs Chart, and in the daily is close to the bottom so I expect a bounce somewhere around 200-220$.
In the Long Term it has a lot of resistances making the major one at 350$ at the moment. So for me is just about time to make it happen.
Play safe!