Deeper than I had envisioned. upon reaching the previous golden pocket on the shortest uptrend, the price bounced back but was rejected at $4.5.
so downtrend is extended.. now the price is already in the zone from where it could turn. we are low in the RSI and so the bulls may have the energy to move upwards again.
- red bar is the next resistance.
- blue bars are support (if bulls can't hold the $3.14 then $2.41 is next)
so downtrend is extended.. now the price is already in the zone from where it could turn. we are low in the RSI and so the bulls may have the energy to move upwards again.
- red bar is the next resistance.
- blue bars are support (if bulls can't hold the $3.14 then $2.41 is next)
Tims.Technische.Analyse by TIMTIBBO
