I’m new to looking at all of this but as I try to wrap my head around the various ways to do TA I am trying to look at the big picture as the biggest indicator. As such this 4 hr
chart leads me to believe that unless we break out of this bearish
convergence (dotted purple) then we have a very good chance of testing our ~$0.85 support in the middle of February. Certainly not trying to spread FUD but I would love for those of you with more experience to show me a more positive short term outlook. Key here is that a breakout would invalidate the convergence pattern.
Thanks for any comments
Disclaimer: Any analysis done here is by an uneducated newb trying to piece a few things together and as such should not be taken as advice!