I was bullish on OSCR and still trying to be but recently things have changed.
Bearish signs:
1. It's curling over in a high volume resistance. (potential double top also).
2. Recently fell below a long term trendline (Grey line) and rejected on a retest.
To look out for:
1. Falling below the yellow trendline
2. Falling into the volume void.
If all of the above occur:
Target will be the Fibonacci gold zone.
I still have a position, but a break below the yellow trendline and I will close my position and wait for it to retrace to the Fibonacci target.
This is looking very similar to BTC.
Bearish signs:
1. It's curling over in a high volume resistance. (potential double top also).
2. Recently fell below a long term trendline (Grey line) and rejected on a retest.
To look out for:
1. Falling below the yellow trendline
2. Falling into the volume void.
If all of the above occur:
Target will be the Fibonacci gold zone.
I still have a position, but a break below the yellow trendline and I will close my position and wait for it to retrace to the Fibonacci target.
This is looking very similar to BTC.
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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.