Time Frame: 10h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish
The price is testing a key support 0.649.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.653 level.
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.
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Commentaire
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I am confident in this trade so I will keep it open!