Bullish Gartley and some indecision candles being shown in the PRZ, still waiting for an affirmative bounce!
More than 50% of the indicators I look at are showing bullish divergence with probably another 25% recording oversold conditions.
Price is at a confluence of prior resistance potentially turned support, possible new trendline (green dotted) and the Gartley.
Square up (purple dotted) and prior mid term trendline (purple) provide further support <100 sats below.
Option for a short trade, buy upon a confirmed bounce at close to this price, sell at the orange downtrend line and place stop loss below the square up at 950 for a 2.8x risk:return ratio.
More than 50% of the indicators I look at are showing bullish divergence with probably another 25% recording oversold conditions.
Price is at a confluence of prior resistance potentially turned support, possible new trendline (green dotted) and the Gartley.
Square up (purple dotted) and prior mid term trendline (purple) provide further support <100 sats below.
Option for a short trade, buy upon a confirmed bounce at close to this price, sell at the orange downtrend line and place stop loss below the square up at 950 for a 2.8x risk:return ratio.
Order cancelled:
PRZ reversal wasn't confirmed. Wait for next bounce and reconsider. Will updated tomorrow.
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