More signs of bottoming out, massive decision looms
Seeing more signs of bottoming out as price is steadily breaking downtrend lines, and a massive decision is imminent.
Weekly RSI dipped to 36 where we saw the 2018, 2019 and 2020 lows, and divergence is looking bullish.
For the long-term investor, I think the risk/reward favors longs, even in a bear market scenario. For the short-term swing trader, I think the risk of a break to the downside is too high, unless you can stomach a stop-loss below $0.90.
Weekly RSI dipped to 36 where we saw the 2018, 2019 and 2020 lows, and divergence is looking bullish.
For the long-term investor, I think the risk/reward favors longs, even in a bear market scenario. For the short-term swing trader, I think the risk of a break to the downside is too high, unless you can stomach a stop-loss below $0.90.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.