Red Ski Track Found Difficult to Navigate by Many

٢٢ مايو ٢٠٢١

Bullish Case:

• Good volume
  Some strong bullish hammer candles
  Minor consolidation over the past couple days
  

Bearish Case:

• Continuation of lower highs and lower lows so far
  Failure of 21 ema to act as support yet
  Not a fundamentally strong bottom reversal
  

One calculated scenario based on the data: Possible move to 42k then failure and push to lower lows

٢٢ مايو ٢٠٢١

ملاحظة

Next 4-hr candle to find support and close at $37,300 or 42K bounce becomes less likely and we just have continuation downward.