RL Buy, possible return +10%+
Time Frame: 4H
Sentiment: Overbought
Forecast: Bullish
We can see a strong support and buying momentum around 0.31-0.315, selling power is weak.
Bar price action and the volume, showing buyers' power increase.
expecting it can break the resistant level 0.34-0.35, and reach 0.38
Write your thought in the comment session :)
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like my works? Please hit the Like, Follow and Share or tip me a coin :)
Thanks!
Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
Sentiment: Overbought
Forecast: Bullish
We can see a strong support and buying momentum around 0.31-0.315, selling power is weak.
Bar price action and the volume, showing buyers' power increase.
expecting it can break the resistant level 0.34-0.35, and reach 0.38
Write your thought in the comment session :)
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like my works? Please hit the Like, Follow and Share or tip me a coin :)
Thanks!
Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
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.