If we look at the 1 h chart it seems that everything is indicating a break to the upside which could see us at the top of the channel at around 0.6.
Price is below the #conversion line of the #Ichimoku though and we will need some volume.
Plenty of movement left on the #RSI and the midline of the #bollinger and 20MA also supports this move.
A break to the downside could see us at the bottom of the channel.
Not financial or trading advice and would love to hear your views on this.
Price is below the #conversion line of the #Ichimoku though and we will need some volume.
Plenty of movement left on the #RSI and the midline of the #bollinger and 20MA also supports this move.
A break to the downside could see us at the bottom of the channel.
Not financial or trading advice and would love to hear your views on this.
Comment:
So downward pressure from the resistance area at 0.5645 seems to have gotten the upper hand and we will have to see how far the drop will go. Once we eventually break through that area of resistance I foresee a nice move upward, but not in the short term it seems.