$ANT, Repeat…
Weekly
Looking at our trend timeframe we see price is respecting our bearish channel, stochastic rsi showing momentum remains in favor of bears with no signs of slowing down. Last time we were at this price we saw a jump from 10000 up tp 60000, could we be seeing the same thing here, or is ANT looking to form a lower low. Will watch smaller timeframes for a reversal.
Daily
Shifting over to our pattern timeframe we see price has formed a lower high at 15150, stochastic rsi showing momentum in favor of bulls. A daily close above 15150 activates our trade and breaks our downtrend structure, however if rejected at this level expect a sell off towards 12000.
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