Open to Advice or comments or suggestions. Just by looking at some simple indicators the RSI and a little trend Analysis, I believe that shorting will be the best bet along with a longer hold as the 1hr RSI suggests that it will go up and the 4hr and 1day suggest it will go down. This will follow its previous behavior since march where the RSI rises to around 61...
Will it follow a trend channel or will it Smooth out and then drop off again
With the RSI that low and lots of support to the left, I'm anticipating some big action upwards specifically for holding long. Though today it was mostly going down by about.002... I still anticipate quite a big reversal.
I am now beginning to wonder what caused the massive spike downwards on the previous trend that I have circled and have come to the conclusion that it may not have been naturally caused by the markets and I believe it would be best to wait to place a long trade once I see it steadily go upwards just a bit because at the moment it's really not doing anything. I'm...
I am now beginning to wonder what caused the massive spike downwards on the previous trend that I have circled and have come to the conclusion that it may not have been naturally caused by the markets and I believe it would be best to wait to place a long trade once I see it steadily go upwards just a bit because at the moment it's really not doing anything. I'm...
In the chart show, I have a greenish-yellow trend that was supposed to be green and we have a red trend. We could possibly see it go up for a long position following its past trend where it broke the support and then flew past the resistance which has previously happened and will continue to follow the green trend and bounce back upwards for profiting long...