Long
$BQX, History Repeats Itself…
Weekly
Looking at our trend timeframe we Ethos respecting our downtrend, stochastic rsi showing momentum is shifting towards the upside. Will be watching smaller timeframes for entry, last time we were at this price we saw a radial push from 7700 up to 70000. Are we going to be seeing the same thing?
Daily
Shifting over to our pattern timeframe we see a double bottom has formed inside our major support zone, stochastic rsi showing momentum is in favor of bulls. A daily close above 7550 activates our trade and we should see a push towards 16000 soon.
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