Hello! You are looking at a 6 hour chart, here.
Starting out, we can see the 100 day moving average starting to ascend above the 14 day moving average, which indicates bearish momentum is building!
On the other hand, we can also see what appears to be a bullish pennant forming, which indicates bullish momentum to the upside.
As a disclaimer, I have not taken into account volume or any oscillators, but it appears this pair will be bullish for the short term, but bearish in the long term.
Depending on whether you are a long term or short term trader, I personally like what I am seeing from this 6 hour chart! Let me know if this was helpful for you! I love to read comments. Thank you for reading. Trade wisely.
Starting out, we can see the 100 day moving average starting to ascend above the 14 day moving average, which indicates bearish momentum is building!
On the other hand, we can also see what appears to be a bullish pennant forming, which indicates bullish momentum to the upside.
As a disclaimer, I have not taken into account volume or any oscillators, but it appears this pair will be bullish for the short term, but bearish in the long term.
Depending on whether you are a long term or short term trader, I personally like what I am seeing from this 6 hour chart! Let me know if this was helpful for you! I love to read comments. Thank you for reading. Trade wisely.
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.
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.