Nothing to do on this asset today. Price is making it's first corrective pullback after an aggressive bearish trend. We are currently rejecting from the daily base line and nothing is indicating that a position can be put on. Looking back in time we see similar price action on our last aggressive downtrend, where price put in a double bottom before breaking the daily base line and moving bullish.
What We Need to See:
Price close ABOVE the Daily Base Line
Waddah Attar Confirm by printing a Bullish Column with a rising explosion level
Time Transformation closing above zero line.
Stay safe.
What We Need to See:
Price close ABOVE the Daily Base Line
Waddah Attar Confirm by printing a Bullish Column with a rising explosion level
Time Transformation closing above zero line.
Stay safe.
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Subscribe to the Crypto Alpha Report to receive my insights in your inbox daily. Data-driven research to keep you armed and dangerous.
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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.