Bearish scenario to possible bottom / reversal.
Huobi early days 2nd level support.
ATL / ATH .786 Retracement.
Daily RSI moving to oversold.
Descending wedge.
Watch for possible Daily RSI bullish divergence.
200 Day MA pushing up to previous support and .786 retracement.
.04 ish would be a high probability entry if this scenario plays out.
Keep an eye out for a news catalyst.
Huobi early days 2nd level support.
ATL / ATH .786 Retracement.
Daily RSI moving to oversold.
Descending wedge.
Watch for possible Daily RSI bullish divergence.
200 Day MA pushing up to previous support and .786 retracement.
.04 ish would be a high probability entry if this scenario plays out.
Keep an eye out for a news catalyst.