Weekly

Looking at our highest timeframe we see price is currently testing our dynamic and horizontal support. Stochastic RSI showing momentum is heading towards the downside. Expecting a double bottom to form at this level ($7,000) However if we do not hold at this level expecting a drop towards $3,000.

Daily

Shifting over to our pattern timeframe we se price currently testing $7,500, Stochastic RSI remaining bearish, however price looks indecisive. A daily close above $8,000 activates our trade. A close below $7,100 and expect a drop towards $3,000.

4Hour

Finally looking at our trigger timeframe we see price has found support $7,500. A 4hour close above $7,600 activates our trade, however a close below $7,400 and expecting a catastrophic drop towards $3,000.

Link To Chart

Conclusion

• Buy: After daily confirmation of support $7,600 / Drop towards $3,000.
• Sell: NO NO NO

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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.