Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish
The price is testing a key support 0.881
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.885 level.
P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought.
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