Hi All, my main 3 take-outs from this analysis are the following:
1- Price possibly rebouncing from a key support of 20$ (price has been moving between 27$ and 20$ since a lot f time)
2- 4H chart shws engulfing bullish pattern as also an RSI in oversld territory, which might be a god sign of possible reversal from these levels
3- There are still two gaps at 24$...
Hi All, my main 3 take-outs from this analysis are the following:
1- Despite the huge volumes in the recent drop, I personally feel like this might be a bear trap
2- Inside candle pattern which might mean reversal anytime soon
3- Big descending wedge on the daily chart with take profit projection at all time high.
Not a financial advice, just personal opinion....
