after a massive bearish candle last week , I'm not sure that we are going to be bullish in the next days , but let's look at our daily chart
we have a strong support level that i pointed on the chart . our 50 moving average (orange line) and static trend line plus fib retrace numbers made a strong support level under the price
this support level held prices from falling more down
price is now ranging above this level and showed some wick rejections to downside
if we keep this support level , we can expect bullish moves on the chart
in addition to that , we have this good support on our RSI too
if prices stay above this level on the chart and RSI , we can still keep bullish rally
THIS IS JUST AN ANALYSIS...
we have a strong support level that i pointed on the chart . our 50 moving average (orange line) and static trend line plus fib retrace numbers made a strong support level under the price
this support level held prices from falling more down
price is now ranging above this level and showed some wick rejections to downside
if we keep this support level , we can expect bullish moves on the chart
in addition to that , we have this good support on our RSI too
if prices stay above this level on the chart and RSI , we can still keep bullish rally
THIS IS JUST AN ANALYSIS...