Weekly
Looking at our highest timeframe we see price continuing to push towards the upside. $7,600 has finally been pierced, stochastic rsi still slightly pushing towards the downside. A weekly close above $7,600 leads to my conclusion of a double bottom formation at this level.
Daily
Shifting over to our pattern timeframe we see price bouncing off our dynamic and horizontal support. Stochastic RSI showing momentum heading towards the upside. A daily close above $7,600 activates our trade, first major resistance $8,500.
4Hour
Shifting over to our trigger timeframe we see price has completed tested an inverse head and shoulders, price has closed above $7,500 expecting a run towards $8,500. Stochastic RSI remaining bullish with no signs of slowing down.
Conclusion
- Buy: After daily close above $7,600
- Sell: NO
Comment Down below what coin you want me to do next! ;)
Thank You for Your Support, Upvote and Follow!!! New Blog and Video everyday
Social Media:
Twitter
Instagram
InvestFeed
Tradingview
Crypto Trading W/ Leverage
How to Draw Trend-lines & Identify Trends
How to Draw Support/Resistance, Price Only
Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.