Currently seeing downward pressure in the 3h, 6h and 12h (far left, left center, and right center) Could come down to yellow basis around .23-.24.
Note
Likely to see white lower BB be tested as support in the 3h (far left)White Energy is higher than green line which is bearish. Red RSI has closed well below the 50 level.
6h likely to see the RED RSI cross below 50 on next 6h candle close.
24h green line is about to make contact with the RED RSI while going down indicating downward pressure.
Note
A look at lower timeframes to get an idea when this downward pressure might exhaustNote
23min (far left) 45min (left center) 90min (right center) 3h (far right)Green line in 90 min could come up hard with the white energy. The white energy is higher than the green line, bearish. However price action could come up strong with the white energy and shoot up to the yellow basis around .32
Price action could trend sideways for a bit before indicators show downward pressure in the higher timeframes.
Note
24h, 2D, 3D, & 4D24h and 2D showing signs of exhaustion, however 4D is showing room for upward pressure to potentially continue.
This is NOT financial Advice and I am NOT a financial adviser. This is my opinion based off of my knowledge of using these indicators.
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.
This is NOT financial Advice and I am NOT a financial adviser. This is my opinion based off of my knowledge of using these indicators.
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.