Things are looking a bit bullish in the short term.
- Consecutive higher lows
- Possible Eliot wave formation
- Watch out for resistance near previous highs.
Why not just try a day trade once in a while at local support/resistance levels.
- A ticker with big intraday swings makes for good day trade opportunities.
- Watch for resistance near long-term resistance, short-term resistance, and the short-term fibonacci levels.
- Gaps in price on the daily candles sometimes act as support/resistance levels. So watch those areas as well.
- Always take into account trading fees.
Any movement above the local resistance levels will appear bullish in the long-term picture.
- A substantial move above all of the resistance levels mentioned above will indicate a change in the long-term trend from bearish to bullish.
As always, I am not a financial professional, and this is not investment advice. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Give some of your investments time and know when to cut your losses. Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend. Good luck trading.