Price is currently in an ascending trend line.
It was near a retest of the trend line but the 61.8 line had more support.
There is strong divergence on the RSI.
Tweezer bottom rejection of the 61,8 line in the 1 hour chart.
Note, daily daily RSI is in over bought territory. If price fails to break the pink minor trend line (my entry as I missed earlier) then I expect price to start a bearish move and break through the main trend line.
It was near a retest of the trend line but the 61.8 line had more support.
There is strong divergence on the RSI.
Tweezer bottom rejection of the 61,8 line in the 1 hour chart.
Note, daily daily RSI is in over bought territory. If price fails to break the pink minor trend line (my entry as I missed earlier) then I expect price to start a bearish move and break through the main trend line.
Comment:
trade active and looking so far
Comment:
price is respecting the 38.2 level.
0.86900 seems to be area of resistance
0.86900 seems to be area of resistance
Comment:
Daily
- shooting star being formed
- Shooting star rejecting just before 78.6 level
- 1Hr shows price has formed a double top and will not break the high.
4hr
- RSI divergence growing
- minor trend line placed underneath Lower Highs waiting for Break out.
- 0.86890 acting as support. Bearish pin bar forming, could indicate trend continuation
1Hr
- waiting for break and closed below trend line
- shooting star being formed
- Shooting star rejecting just before 78.6 level
- 1Hr shows price has formed a double top and will not break the high.
4hr
- RSI divergence growing
- minor trend line placed underneath Lower Highs waiting for Break out.
- 0.86890 acting as support. Bearish pin bar forming, could indicate trend continuation
1Hr
- waiting for break and closed below trend line