*NOT FINANCIAL ADVISE*
As we can see, the histogram for the MACD is slowly turning upwards on the 4h chart hinting a strong buying feeling. We find ourselves bouncing of a previous short-term bearish trend line as well as on the 50% fib level. We expect price action to break and retest the 61.8% area to continue it's bullish momentum. Please do not take market actions based on this idea. Do you own research.
As we can see, the histogram for the MACD is slowly turning upwards on the 4h chart hinting a strong buying feeling. We find ourselves bouncing of a previous short-term bearish trend line as well as on the 50% fib level. We expect price action to break and retest the 61.8% area to continue it's bullish momentum. Please do not take market actions based on this idea. Do you own research.