Reason to buy: -major pullback to form potential new support -price is right on previous resistance -majority of retail traders are shorting this pair Good Luck Trading :) !This is not a financial advice, please trade on your own risk. !
reason for sell: -downtrend indicated by support and resistance -downtrend indicated by moving averages -price is now retesting the support -most retail traders are long on this pair Good luck trading :) !This is not a financial advice, please trade on your own risk!
Reason for SELL: -price was retesting on support during overall downtrend -indicated by MAs and RSI that it is a downtrend -majority of retail traders are going long on this pair Good Luck Trading :) !This is not a financial advice!
The price is hovering around the support and the latest candles are moving away from the bottom of Bollinger bands which indicates possible reversal coming in the near future. One confirmation is to wait for the candle to retest the bullish trend line . *Please let me know your opinions in the comment sections. Good luck traders 😁
In the larger timeframe, the price seems to be consolidating. Once we zoom into the daily, we can see the price has reached and retest and resistance at the Fib 0.5 level and is unable to break through it. I shall be placing a sell as i believe the price will enter a short term downtrend
the price now sits at the 50% retracement level from recent high and recent low, potential price drop may be nearing. Comment: *Please share your opinions in the comment section. Good luck traders 😁
Based on my analysis, the price failed to push through the ascending channel and form a double top, which could indicate a fall in price.
"History never repeats itself", but if it does, it should look the the sketch above, wait for a bearish confirmation before placing sell *Please share your opinions in the comment section. Good luck traders 😁
the price has reached a resistance level in the hourly time frame, wait for other confirmation before going long once it exceeds the resistance. *Please share your opinions in the comment section. Good luck traders 😁