Clear bearish chart. In this moment I'm bearish until the last week of August. Landing area for a bounce 95-92$. 100$ is psychological level but not enough.
Pay Attention Buyers!
Stay Tuned!
This looks like it has broken out of the cycle low & then successfully backtested the breakout. RSI, sentiment all support the low being correctly identified. This looks like a good opportunity to sit on a long move upward.
I don't think we've yet seen the bottom here. The major support line tags the current price action sub $1.2, and the bollingers don't quite look right to signal the bottom. So although I will be going long here very soon and will be looking for a very big upward move, I will watch/stay short for now u til I see clear evidence of the floor emerge.
Big drop today. Lots of shorts still here and premature longs getting squeezed. Watch the support line for the entry point & scale in Long for the bounce.
it`s hard to see the particular pattern but it`s rules also in the coffee. the two blue line are important in the next days. if you agree write comment and follow me.
