Analyzing NKE I find that the long term downtrend is still not managing to reverse, but is showing some signs.
Now I would look for what short timeframes do around the 88.66 level, if they do not become divergent there and break the low, I would look at 82.22.
If we do not have a clear weekly divergence there, it means NKE is not able to become bullish in the...
Last Weekly Trend Lowest Low has been breached and closed under multiple days.
4h Trend went under that level too. Momentum is under the trend on all timeframes 15m-1D
Next leg for BTC: November 2022 - July 2023 high 50% Fib retracement.
I think the support will not hold this time, like it did in the past weeks, trend is finally revering.