Daily

Looking at our trend timeframe we see price was rejected your $8,600 resistance, momentum not shogun any signs of slowing down. Expecting a drop to $7,800 followed by a second leg towards the upside.

4Hour

Shifting over to our pattern timeframe we see price looking for support. Stochastic RSI showing momentum is temporally heading towards the downside. A 4hour close above $8,400 activates our trade, a 4hour close below $7,800 and expect price to fall towards $6,800. Looking fo a bounce off $7,800.

Link To Chart

Conclusion

• Buy: After 4Hour Close Above $8,400/ Bounce Off $7,800
• Sell: NO

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Crypto Trading W/ Leverage
How to Draw Trend-lines & Identify Trends
How to Draw Support/Resistance, Price Only

Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.