- Chart Timeline: 2 HRS | I usually do a 1 hour timeline but I used the 2 hours this time because it's much more cleaner.
- RSI: Mid to below-mid level | Meaning its still bearish/downtrend
- MACD: Line if about to cross and could continue downtrend
- Support Level: My strong support level is about $2. There's 3 level of lower support that I looked at. The $2, $1.70 and $1.50, but wasn't hoping for a dollar. My strong support lows of low is $2.
- Conclusion: Chart giving me bearish pennant + RSI still downtrend + MACD about to cross + existing support level from previous lower low.
This is on a technical analysis standpoint. No fundamental involve.
Kommentar:
Update: Symmetrical triangle broken. Turned out to be rectangle instead. Still bearish