Lower time frames look even worst than the daily chart. 4hr chart has the SMA20 below the 50 & 200...that's 2 death crosses. Only chart that doesn't look so bearish is the weekly. If you draw a line and follow the bottoms from $4 going up until now on the weekly chart, we are now touching that line. Any lower and the floor is the next support based on the volume profile. I hope I am wrong about that part of it though. RSI dipped below the gap on the lower timeframe but jumped back up with little to no change in price action. I will keep watching today... Let me know your thoughts. I'm learning and appreciate any tips, suggestions and criticism
Commentaire:
Comment: Update....RSI is at 30 not 20 but below that point is usually a buy signal