as a daily trader, i am mostly focused on 1H, 2H, and 4H charts. today i am looking at 4H chart and some of my beloved indicators. as you can see the price is moving within the confines of lower 9400 area nut the momentum and stochastic show some signs of recovery. of course the momentum is still in negative territory and stochastic mostly in neutral zone with some bearish divergence, but the Woodi's CCI shows signs if lessened selling pressure.in my opinion it could be interpreted that the selling pressure is going sown but we need some buyers in order to get back on track, which seems harder and harder by the day.
so, long story short, i am looking for some moves toward the upper 9500 area during this weekend and i think it would be a good opportunity o sell those coins bought at 9100-9200. although another downward movement towards 9200 wouldn't be surprising.
you know the drill, don't take this as a trading advice, do your own homework and trade safe.
so, long story short, i am looking for some moves toward the upper 9500 area during this weekend and i think it would be a good opportunity o sell those coins bought at 9100-9200. although another downward movement towards 9200 wouldn't be surprising.
you know the drill, don't take this as a trading advice, do your own homework and trade safe.