Here is a 4hr chart showing the 20 MA (Blue) as well as the 100 MA (Pink) once these moving averages cross we will be in for a wild bullish ride.
But for now I am paying close attention to the RSI indicator, as you already know we've been on a Bearish trend since May 10th & I drew placed a Yellow line indicating the bear trend. The Pink box indicates the area that we need to pay close attention too, if we are able to cross over the Yellow line of resistance we will be right back in a Bull Trend.
If we hit the line of resistance we may also see a pullback to .24 which is a good thing in my opinion. Time to re-analyze the chart & pay attention for a solid Buying opportunity.
*Not Financial Advice
But for now I am paying close attention to the RSI indicator, as you already know we've been on a Bearish trend since May 10th & I drew placed a Yellow line indicating the bear trend. The Pink box indicates the area that we need to pay close attention too, if we are able to cross over the Yellow line of resistance we will be right back in a Bull Trend.
If we hit the line of resistance we may also see a pullback to .24 which is a good thing in my opinion. Time to re-analyze the chart & pay attention for a solid Buying opportunity.
*Not Financial Advice
