The Green MA is higher than the Energy in all the near term group of timeframes and the Red RSI has made contact with the Green as it rises in the 1d, 2d & 3d indicating bullish sentiment. The Red RSI is also above 50 in this group of TFs. In the 4d the Red RSI has made contact with the Green MA as it falls which is bearish for that timeframe. We can see that the Energy has fallen below 50. However, from what I can see in higher and lower timeframes I think there is a good chance that the Green can turn up again.
The Green is also higher than the Energy in all the short term group of TFs too and the Red RSI is significantly above 50.
We're looking good against the BTC pair too.
Trade Safe
aBL
Short Term
The Green is also higher than the Energy in all the short term group of TFs too and the Red RSI is significantly above 50.
We're looking good against the BTC pair too.
Trade Safe
aBL
Short Term
Comment:
We are seeing possibility for a bit of downward pressure in the short term group of TFs as the Red RSI have made contact with the Green as it falls. Considering the upward pressure in the higher TFs I suspect that this will be a short dip. It is possible that the Green MA will turn back up and the Energy may just dip below 50 slightly and we may not see any significant price drop. We can see downward pressure and a period of sideways price action.
