Strong support at 3050 to help solidify a second bottom; another drop is still possible but a few positive signs may prevent a (bearish) breakout.
D1 Chaikin back at zero line and MACD could hit a second divergence cycle if we can hold between 3200-3000 for the next few days. There's also a promising hammer reversal off the third red daily.
Posted H4 chart shows an inverted hammer to hammer (hanging man) which means we could drop back below 3100 short-term.
D1 Chaikin back at zero line and MACD could hit a second divergence cycle if we can hold between 3200-3000 for the next few days. There's also a promising hammer reversal off the third red daily.
Posted H4 chart shows an inverted hammer to hammer (hanging man) which means we could drop back below 3100 short-term.
