My interpretation of the current situation is that we could be setting up for a nice move - direction unknown though I'm bearish.
The chart shows we are trading at the bottom of the 200BB and the 100 is contracted. Short term bands are reaching full contraction.
We are in a weak, contracting trend on the CCI
RSI is trending down.
Long at 8986
T1 2.36% 9199
T2 4.75% 9400
T3 9% 9800
Tight stop at 8824.5 if you want, or about 323Sats from your entry
Short at 8663
T1 3.75% 8750
T2 9% 8697
Tight stop at 8824.5 if you want, or about 323Sats from your entry
The chart shows we are trading at the bottom of the 200BB and the 100 is contracted. Short term bands are reaching full contraction.
We are in a weak, contracting trend on the CCI
RSI is trending down.
Long at 8986
T1 2.36% 9199
T2 4.75% 9400
T3 9% 9800
Tight stop at 8824.5 if you want, or about 323Sats from your entry
Short at 8663
T1 3.75% 8750
T2 9% 8697
Tight stop at 8824.5 if you want, or about 323Sats from your entry