Hey,
There's a good chance that the trend of this pair changed last week and here's why:
- Broke above the bearish channel that it was on since the beginning of May.
- Daily MACD already made a bullish cross.
- Great RSI momentum.
- Plenty of room to grow until it reaches a major resistance at around 0.675.
I'm looking for a chance to buy this pair and i'll if it goes for a channel retest. It's a bit low, so i'm not sure it's getting that far. I'll update the idea if i find another entry during the week.
Cheers
There's a good chance that the trend of this pair changed last week and here's why:
- Broke above the bearish channel that it was on since the beginning of May.
- Daily MACD already made a bullish cross.
- Great RSI momentum.
- Plenty of room to grow until it reaches a major resistance at around 0.675.
I'm looking for a chance to buy this pair and i'll if it goes for a channel retest. It's a bit low, so i'm not sure it's getting that far. I'll update the idea if i find another entry during the week.
Cheers