Here is one more indicator Fibonacci time zone I have added in the analysis which I personally think is the most powerful because of Fibonacci series is the most powerful in the real world. And According to this, the reversal day should be tomorrow. Whether we go down until 7000 or not but most probably tomorrow will be the end of the downtrend.
And If look at the 4 hr chart it's giving some kind of mix signals where MACD is crossing over for uptrend, but RSI is slowing down.
And bear peanut is forming on 1 hr chart.
Most probably will just follow bear peanut and hit around 7000 Mark and start to go up again.
And If look at the 4 hr chart it's giving some kind of mix signals where MACD is crossing over for uptrend, but RSI is slowing down.
And bear peanut is forming on 1 hr chart.
Most probably will just follow bear peanut and hit around 7000 Mark and start to go up again.
Note
It's taking too much time to break(either side), OBV in the hell on 1 hour chart, not able to get higher highs. Looking for the huge volume to come.
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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.