market is in sideways trend after strong breakout at the beginning of the week. Currently a triangle formation has been formed and market price reached trend line support and buy area. I expect a fakeout to scare buyers and make them open short order just to liquidate them after that.
-RSI reached support area and has to confirm support - support is confirmed if the rsi line doesnt go under the drawn bottom line
-Stochastic RSI reached heavy overselled area - expect buyers joining the market
-100 day moving average crossed the 200 day moving average upwards which is bullish indicator
-RSI reached support area and has to confirm support - support is confirmed if the rsi line doesnt go under the drawn bottom line
-Stochastic RSI reached heavy overselled area - expect buyers joining the market
-100 day moving average crossed the 200 day moving average upwards which is bullish indicator
Note
trading activ - am I good or what :PTrade active
tp1 reached within 6 hours
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.