We are below RLZ and we are filling a notch in the volume profile. Furthermore, Willy is overbought and stupid.
However, that's where the good news stops. Until we see some divergences and bullish market structure she probably falls further.
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Obviously, ETH went screaming higher as soon as I published my first idea. Lol.
However, it is a V bottom and I need to see more market structure before going long in this name again. Ideally I would like to see some divergences as well.
Staying on the side lines for now.
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We see some market structure. That IPF and wick worry me and ideally I like to see that V bottom being tested before going long. As it stands now, I cannot trade it yet.
Lol. I just noticed that Willy says overbought.... of course I meant oversold. Oh well, that's what you get from scripting and putting out charts at 3AM. Sorry folks!