Hi Everybody, I'm Ashley. I'm a chart nerd, been doing it a while so I'm pretty good at it by now. Here is my forecast for good buying opportunities in the crypto space at key levels if we get there this week.
BTC – Looks exhausted, only a moron would sell this this after a large fall from 124000, bears take profits too. Oversold on RSI and Stochastics. Bullish divergence on the daily chart. There is a strong double strength support at 91000 and change. Extremely bearish sentiment based on nothing, there is no monster under the bed. Verdict – Look for buys around 91000.
ETH – Chart is suggesting we have one final leg down before we bounce back. Oversold on RSI and stochastics. Similar to BTC there is a strong double strength support on the weekly chart around 2700. Verdict – Buy for a strong bounce around 2700.
The fear and greed index is currently showing a reading of 10 according to TradingView. Insane bounce territory, particularly when the fall has been quick. The quicker the fall, usually the stronger the bounce.
Convergence across multiple metrics we have one final leg down before the big bounce. We all waited for prices to fall like this, now they're here, don't fumble the opportunity.
It's time to load the boat.
