Here is my new idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS. Thanks in advance.
the 1hr chart
On the RSI : 3 times tried to break the 57,27 level but seems like a strong resistance, and always went back to 54,10 ( strong support) level.
What signs show that we are in the uptrend:
- We have a Doji after a Bearish Engulfing.
- The 10 SMA crossed above the 20sma, pretty bullish and we are still over the 50EMA
- We still have a place to go upper to the 60,32 area of the RSI, where is another strong resistance.
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Let's see the things on the 4hrs chart:
The 4hr candle closed out of the uptrend channel and we below the 50EMA
The 10SMA crossed 20SMA below those are not good at all
so there is a strong possibility for a pullback
-----------------------------
LEt's see the story on the D chart
We had a dead/death cross(3rd of March), because the shorter-term 50MA crosses below the longer-term 200MA,
We are still below the 50EMA and the 200EMA
-----------------------------
Monday will be exciting, hopefully, a short rally up for the profit 1 and then the pullback, and it can turn back to go and reach the profit 2
the 1hr chart
On the RSI : 3 times tried to break the 57,27 level but seems like a strong resistance, and always went back to 54,10 ( strong support) level.
What signs show that we are in the uptrend:
- We have a Doji after a Bearish Engulfing.
- The 10 SMA crossed above the 20sma, pretty bullish and we are still over the 50EMA
- We still have a place to go upper to the 60,32 area of the RSI, where is another strong resistance.
------------------------------------------
Let's see the things on the 4hrs chart:
The 4hr candle closed out of the uptrend channel and we below the 50EMA
The 10SMA crossed 20SMA below those are not good at all
so there is a strong possibility for a pullback
-----------------------------
LEt's see the story on the D chart
We had a dead/death cross(3rd of March), because the shorter-term 50MA crosses below the longer-term 200MA,
We are still below the 50EMA and the 200EMA
-----------------------------
Monday will be exciting, hopefully, a short rally up for the profit 1 and then the pullback, and it can turn back to go and reach the profit 2