The price has touched the long term big sideway channel bottom line area. There are some support in this area, so the price is wondering in this bottom area.
The RSI and Stoch RSI indicators in 16 Hours timeframe are showing divergence pattern.
I predicate the price would go to North and the idea take profit area is the big side way channel top line area on Feb 11, 2024.
If the price continuing breakout the sideway channel bottom line to South, then, we should stop the long trade.
The RSI and Stoch RSI indicators in 16 Hours timeframe are showing divergence pattern.
I predicate the price would go to North and the idea take profit area is the big side way channel top line area on Feb 11, 2024.
If the price continuing breakout the sideway channel bottom line to South, then, we should stop the long trade.
Trade closed: stop reached:
Stop since price dropped outside the side way channel bottom line. Failure.
