Buyers tried to break 0.618 Fib. (H4 chart) but failed 2 times.
Trend was on a good run but buyers are losing health and momentum.
We can see lower highs and lower lows forming.
MACD and RSI are in higher levels indicating there's a lot of room
to close long positions.
Let me know what you guys think, this is my first analysis :)
Trend was on a good run but buyers are losing health and momentum.
We can see lower highs and lower lows forming.
MACD and RSI are in higher levels indicating there's a lot of room
to close long positions.
Let me know what you guys think, this is my first analysis :)
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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.
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.