Daily trend is down price came up and triggered my alert early on the 17th to go short, didn't see any clear rejection. Price sold off eventually and came down to and cleared the daily gap, retraced then showed very clear direction toward the end of the trading session. After what appeared to be a stop hunt of the initial alert retest, price seems to be showing...
OK. Now here we`re watching new engulfing and fake out in this level
In my idea we`ll expecting one small or big retrace and after that maybe continuation of up trend will expected.
In the most optimistic case, it can reach to higher level from here, but I think it is very unlikely
Neither miners nor traders are interested in this situation. But it may be possible to cover losses with margin trading. In my opinion, the downside conditions are still ongoing.
