The forecast for week 2 April is awe snap, neutral cause we cannot land on a direction.
Well, what happened this week. The week the candle smashed out a spinning top of "I got no idea where I want to go" The volume was decent and could mean they may be leaning toward the bears. Also, that OBV is looking pretty dam bearish. It's kinda like being followed by a Bear, you know something is out there but just cannot see it, well this is like that.
Checking out the day, you can see the slide is a neat and uniform downtrend, This can produce a slow and steady price decline, more consistent and longer. But hey we are at a key support level and we failed to actually test it properly. The OBV is totes sideways meaning we could be finding ourselves with a chart that doesn't produce much. Okay okay where to form here, well I will go for the range option as the high probability which means we should go Bull for the week and head back to 117
Well, what happened this week. The week the candle smashed out a spinning top of "I got no idea where I want to go" The volume was decent and could mean they may be leaning toward the bears. Also, that OBV is looking pretty dam bearish. It's kinda like being followed by a Bear, you know something is out there but just cannot see it, well this is like that.
Checking out the day, you can see the slide is a neat and uniform downtrend, This can produce a slow and steady price decline, more consistent and longer. But hey we are at a key support level and we failed to actually test it properly. The OBV is totes sideways meaning we could be finding ourselves with a chart that doesn't produce much. Okay okay where to form here, well I will go for the range option as the high probability which means we should go Bull for the week and head back to 117
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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.