Daily

Looking at our highest timeframe we see price has remained bearish today. Lower High formed below $8,900, price has reached a low of $8,150 and has slowly retraced since. Stochastic RSI showing momentum has remained bearish and expecting a drop towards $7,700.

4Hour

Shifting over to our pattern timeframe we see price has temporarily found support @ $8,200 level. A 4our close above $8,400 leads towards a an extension toward $8,800. Stochastic RSI showing momentum I bearish.

Hourly

Finally looking at our trigger timeframe we see price forming higher lows on the smaller timeframe. A hourly close above $8,400 leads towards a push of the top of our channel @ $8,700. If price fails to break above this level expect a drop towards $7,700 in the following days. Stochastic RSI showing momentum is short term bullish.

Link To Chart

Conclusion

• Buy: After daily support is found around $7,700
• Sell: 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.