How long will the 225$ hold

7 sept. 2018

Bear flag + decreasing volumes.

The low RSI on the 4h timeframe is somehow blocking another drop for now. Once the RSI coma back to a more neutral level I expect another break down.

7 sept. 2018

Note

Although I am still very bearish right now I temporarily closed my short position because:
- there is a small bullish divergence on the 1h and 4h timeframe,
- RSI is still very low
- I don’t like having an open position during the week-end (I feel there is too much volatility due to lower volumes)

But I will be very happy to short again if a good entry point pops up