With the recent market sell off price action fell below the symmetrical triangle it was trading in. Price also fell below all the moving averages following a recent golden cross. Stochastic RSI showing signs of strength with a bullish cross from the bottom of the bearish zone. There was a death cross on the 1hr chart which has since printed a higher low. Potential to break this bearish trend lies in the hours ahead. Bullish action need to prevent a death cross on the 4hr. My stop loss would be around .263 cents if I were attempting to swing trade this.
Not Investment Advice.
Not Investment Advice.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.