market price is searching currently a bottom building area and is currently near first strong support area. Supports in this area are as follows:
-market price reached 61,8 fibonacci trend line and started retracement movement on 4H which is bullish indicator
-market price reached 50 day moving average which is support / buy area
-stochastic RSI baseline going to cross bullish which brings buyers into the market
-regular RSI reached first support area and could confirm up trend movement, expect again fast market price up movement if this happens
-market price reached 61,8 fibonacci trend line and started retracement movement on 4H which is bullish indicator
-market price reached 50 day moving average which is support / buy area
-stochastic RSI baseline going to cross bullish which brings buyers into the market
-regular RSI reached first support area and could confirm up trend movement, expect again fast market price up movement if this happens
Trade active:
bottom bulding in drawn area finished
Trade closed: stop reached:
trailing stop reached at entry
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
