Bullish divergence shown on the RSI indicating a trend reversal is highly possible.
Furthermore we see that we are almost at the .786 fibbonaci rectracement level wich is a support level and must hold or it is going further down.
We can put a stop loss slightly below this level around 2900 satoshi's.
This is a very nice risk to reward setup.
Goodluck!
Happy trading,
NL Crypto
Furthermore we see that we are almost at the .786 fibbonaci rectracement level wich is a support level and must hold or it is going further down.
We can put a stop loss slightly below this level around 2900 satoshi's.
This is a very nice risk to reward setup.
Goodluck!
Happy trading,
NL Crypto