There's a buttload of indicators showing we are oversold and in Bounce territory. This doesn't mean we are Bullish, but it does mean that there should be a significant bounce incoming.
The only thing I see keeping the price down, or having it continue bearish (for the short term) is the infamous Korea FUD.
>>Bull Divergences all across the board.
>>1 Falling Wedge on Hourly.
>>1 Falling Wedge in the micro-timeframes.
>>H&S Neckline
>> Far from 4H Ichimoku Cloud
>>Buy Volume Increasing
The only thing I see keeping the price down, or having it continue bearish (for the short term) is the infamous Korea FUD.
>>Bull Divergences all across the board.
>>1 Falling Wedge on Hourly.
>>1 Falling Wedge in the micro-timeframes.
>>H&S Neckline
>> Far from 4H Ichimoku Cloud
>>Buy Volume Increasing
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Disclaimer
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.