The coin is into a triangle formation. The RSI is moving much faster than the price while falling which means that the upside swing is much stronger and more steady than the downside. We also have a bullish divergence of the RSI tops and the price tops. What is more, the RSI has been oversold at the bottom of our triangle and that makes it quite unlikely for the price to dive deeper. Last but not least, the risk/reward ratio is quite good and one can win much more than what he is risking.
*Disclaimer: this is for educational purposes only*
*Disclaimer: this is for educational purposes only*