Daily

Looking at our trend timeframe we see price has found support at $6,200, stochastic rsi showing momentum is starting to shift in favor of the bulls. A daily close above $6,400 should lead us towards $6,700, however expecting a lower high to form at this level and our sell off to continue towards $5,500. A daily close above our trendline would indicate the end of our bear market, however first me we clear our $6,700 resistance.

4Hour

Shifting over to our pattern timeframe we see price has formed a double bottom off our dynamic and horizontal support. Price is currently at a major 4hour resistance ($6,500) a 4hour close above this level and expect a run towards our next shown target.

Link To Chart

Conclusion

• Buy: After Daily Close Above $6,400
• Sell: Nooo

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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.