Looking at the Daily Chart we see descending channel, with lower highs and lower lows.
The POC on the volume profile is passed through to the downside.
The Stochastic RSI shows overbought in the short term, daily time frames.
Hence in my opinion within the next few days we might see a downside to around 52K area
After that we shall see the big upward move in the upcoming weeks.
This is my view not a Financial advice
Let's see how it will work out.
GroomA
The POC on the volume profile is passed through to the downside.
The Stochastic RSI shows overbought in the short term, daily time frames.
Hence in my opinion within the next few days we might see a downside to around 52K area
After that we shall see the big upward move in the upcoming weeks.
This is my view not a Financial advice
Let's see how it will work out.
GroomA
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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.
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.