Weekly Predictions (Feb 4 - 8)
Updated
- Double confirmation on RSI and Stochastic Oscillator that pair is overbought. Therefore pair might go in a bit of consolidation or an
a downwards trends
- Shooting Star Candlestick (long upper shadow, short lower body) formed at the peak of the chart followed by a small bearish
candlestick indicate that pair may go on a downwards trend rather than consolidation. Although the weakness of the bearish
candlestick adds some doubt
- Daily saying SHORT
a downwards trends
- Shooting Star Candlestick (long upper shadow, short lower body) formed at the peak of the chart followed by a small bearish
candlestick indicate that pair may go on a downwards trend rather than consolidation. Although the weakness of the bearish
candlestick adds some doubt
- Daily saying SHORT
Comment
4-hr chart- Price approaching EMA (25, close) from the upside
Comment
1-hr chart- Broke EMA (25, close) on the downside twice. Wait for price to break and close outside of 1315.31 (given price does not form a new support when market reopens OR reject EMA (25, close) with a strong bearish candlestick
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