-The price doesn't reach the 50% retracement.
-The price retested the fibo 38% many times, in the way of the 29th july
-It's in an accumulation zone
-The MACD is slowing his bearish movement, the sell volumes are not very strong
-The EMA 20and 50 can be used as support
But we are far away from the EMA 200, and that seems risky
-The price retested the fibo 38% many times, in the way of the 29th july
-It's in an accumulation zone
-The MACD is slowing his bearish movement, the sell volumes are not very strong
-The EMA 20and 50 can be used as support
But we are far away from the EMA 200, and that seems risky
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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.
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.