I have been keeping my fiat on the sideline every since January. Only small trades here and there. I like basic charts, straight forward.
Daily, weekly both look very tricky - by no means oversold (if any...rather the opposite) and with an 200MA to be touched again sometime soon....
At the 4h & 6h it looks exactly the same as it did with the last dip - and potentially a setup for a double bottom (especially as the daily and weekly still look very bad): about the same top, same bottom, small pull back, and even the oversold indicator looks virtually the same.
Pull back to 9280 max, and then down to 6k.
Daily, weekly both look very tricky - by no means oversold (if any...rather the opposite) and with an 200MA to be touched again sometime soon....
At the 4h & 6h it looks exactly the same as it did with the last dip - and potentially a setup for a double bottom (especially as the daily and weekly still look very bad): about the same top, same bottom, small pull back, and even the oversold indicator looks virtually the same.
Pull back to 9280 max, and then down to 6k.