Weekly Predictions (Feb 4 - 8)
Updated
- Price broke EMA (25, close) on the downside and previous support/resistance
- Daily not indicating any clear direction as yet, other than price may or may not continue on downtrend
- Daily not indicating any clear direction as yet, other than price may or may not continue on downtrend
Comment
4-hr chart-Double confirmation that pair is oversold from RSI and Stochastic Oscillator. Therefore we may see some consolidation or brief retracement or a reversal
Comment
1-hr chart- Price is approaching EMA (25, close) from the downside
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