RSRBTC4H. Ready for another leg up?
Looking at the possibility of a retest of 10775 where there is reasonable support correspondent with the Fibonacci 0.382 position. Also, price is under the 21EMA & in a bearish descending channel currently. The daily closed 21st July with a reasonably proportioned 'Shooting Star' on the daily. I'm looking for slight decrease in price from here to then springboard back up. All this but on the hourly one may chose to take a position earlier. Sometimes waiting for retests never happen and off the train goes leaving one on the platform to wait for the next opportunity.
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.