I am shifting my position into a possible long scenario based on 1. Overall Long positions vs shorts have increased, 2. We are holding the 50MA, 3. The Trend Exhaustion Indicator indicates a strong oversold asset, 4. The price vs Whale Money is starting a slight upwards momentum, 5. a similar pattern as 19 July is printing on the Heiken Ashi. I still believe we might see further downside but for now I think that an upwards move would be more likely but within the confinements of the ascending wedge. Until it doesn't.
