Volume has to pick up in order to show more signs of bullishness, not fond it is a Friday indicating closing of positions.
On the hourly showing signs of strength with price trading above 55 EMA and 100 EMA on the hourly.
Ichimoku cloud also shows a bullish tk recross indicating more pressure.
A key uptrend move will be a break above 305 + 200 EMA.
Bearish case is a bearish bat pattern with rejection at key support area.
On the hourly showing signs of strength with price trading above 55 EMA and 100 EMA on the hourly.
Ichimoku cloud also shows a bullish tk recross indicating more pressure.
A key uptrend move will be a break above 305 + 200 EMA.
Bearish case is a bearish bat pattern with rejection at key support area.
Note
near perfect bearish crab with a EMA resistance.Base on target profit entered a long on confirmation
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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.