#BABA Possible another 10% drp to re-test historical trendline
Hi All, my main 3 take-outs from this analysis are the following:
1- RSI in the weekly chart is in oversold territory with divergence vs prices
2- Price might re-test the historical trendline at around 100$, which is a 10-13% additional drop from current levels
3- Possible support at 100$ is also a psichological support level (rund number)
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
1- RSI in the weekly chart is in oversold territory with divergence vs prices
2- Price might re-test the historical trendline at around 100$, which is a 10-13% additional drop from current levels
3- Possible support at 100$ is also a psichological support level (rund number)
Not a financial advice, just personal opinion. Do your own due diligence and good luck!