UKOIL is testing the Fibonacci retracement levels. Now, it is around 0.618 level and may come back from here. However, the RSI for daily time frame is around 40 and going down and if we check the history, it can meet 30 easily. Also, MACD line is far below the signal line and it also confirms that the trend will be downward for the time. Considering all these...
Following many other crypto pairs, the rectangle is tightening these days and reminds me of these two possible movements. The solid or dashed line. Up to the corner of the triangle, it has many swings and at the end, it will go up, if the market is in a good condition or down otherwise. In my opinion, the probability of going up is more than the other possibility,...
This is a very simple pattern that happens now, when the price is in the channel and RSI around 30. I expect a profitable long postion. (Disclaimer: Plesae do your analysis and do not follow me, I am not a profesional trader.)
