Daily
Looking at our trend timeframe we see price has found resistance at $6,550, stochastic rsi showing momentum looking to top out. A daily close above $6,550 activates our trade, however if rejected at this level its getting ugly. Major support levels at $6,200, $6,000, and $5,500.
4Hour
Shifting over to our pattern timeframe we see a double top has formed at $6,550 and we are now looking to form a lower low around $6,200. A 4hour close below $6,500 and expect our sell off to continue.
Conclusion
- Buy: after Daily Close Above $6,550
- 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.