- price reaching an historical low - RSI : strongly oversold, on the weekly and daily timeframes - macd getting to the end of a red cycle, on the weekly timeframe - divergence between price and indicators (MACD & RSI), visible on the daily timeframe
I think the price could easily bounce to weekly EMA20, i.e. 1600-ish sats.
My entry point is 890 sats and my stop-loss is 863 sats, i.e. 3 percents.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.