Resistance line successfully repulsed price all day. If there is a concerted breakout I would go long into the 9500-9600 range. Otherwise my next potential buy zone would be low 7's if the support line there remains established. "I made a fortune getting out too early." - JP Morgan
The 1H, 4H, and 1D MACD all look promising, but the 1W still shows concerted downward momentum and this hasn't changed. I'm hoping for a bottom but I don't see it yet. Not sure until the 1W at least begins curving back towards upward movement.
I'll probably wait to make this move until the stochastic RSI is oversold.
The 1H, 4H, and 1D MACD all look promising, but the 1W still shows concerted downward momentum and this hasn't changed. I'm hoping for a bottom but I don't see it yet. Not sure until the 1W at least begins curving back towards upward movement.
I'll probably wait to make this move until the stochastic RSI is oversold.