Time Frame: 4H
Sentiment: Overbought
Forecast: Bullish
We can see a strong support and buying momentum around 0.34-0.36, selling power is weak.
Bar price action and the volume, showing buyers' power increase.
expecting it can break the resistant level 0.375 and hit 0.41+
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 0.34-0.36, selling power is weak.
Bar price action and the volume, showing buyers' power increase.
expecting it can break the resistant level 0.375 and hit 0.41+
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.