On the 14th of November 2022
Things are a bit more complicated, the fed is trying to draw money out of the system, and we have had a lot of big companies be taken down through fraud thanks to SBF and his criminals.
We have identified the downwards trendline - 2 of them to take note of
And the priced has retraced below the 0.768 level
The RSI has had a technical breakout
And on this date, we had clear bullish divergence .
with this and the previous analysis, i suspect that we have had a bottom local bottom of 15 500 before we have some upside.
Note that I expect us to come and retest this trendline level ta some point
Things are a bit more complicated, the fed is trying to draw money out of the system, and we have had a lot of big companies be taken down through fraud thanks to SBF and his criminals.
We have identified the downwards trendline - 2 of them to take note of
And the priced has retraced below the 0.768 level
The RSI has had a technical breakout
And on this date, we had clear bullish divergence .
with this and the previous analysis, i suspect that we have had a bottom local bottom of 15 500 before we have some upside.
Note that I expect us to come and retest this trendline level ta some point