trend
the pair is trading in range in most time frames (Daily Chart, 4,1 HOUR Time frames )
technical analysis
if you looking at this chart you will notice that its trading near its resistance, if you were to draw a Fibonacci retracemt n the chart you will see that the rectangle agrees with the info shown which is below the red resistance line drawn on the chart,
thoughts,
Im still looking to see possible break out from the region given that the RSI is trading below 50 level its great if it moves past this region and starts trading past the mid range, of course this is just an idea and thought of what i would like to see happen but alot of indecision displayed on this chart shows that any thing can happen and if it breaks past its resistance and retests above my 13 moving average i will consider a buy until the next resistance
Action,
adding this pair to your rebalance trading bot is great idea , i guess i have found the perfect pair to trade in combination with Atlas Navi pair (look at my previous idea on the pair if you missed it) and TRAC (trail Origin pair if you missed it look it up on my previous posts)
as always trading new pair is always risky and dangerous can lead to losing all your funds, and this are just my thoughts and chart set up that I would consider before getting into the markets which makes the published idea not a financial investment advice whatsoever.
the pair is trading in range in most time frames (Daily Chart, 4,1 HOUR Time frames )
technical analysis
if you looking at this chart you will notice that its trading near its resistance, if you were to draw a Fibonacci retracemt n the chart you will see that the rectangle agrees with the info shown which is below the red resistance line drawn on the chart,
thoughts,
Im still looking to see possible break out from the region given that the RSI is trading below 50 level its great if it moves past this region and starts trading past the mid range, of course this is just an idea and thought of what i would like to see happen but alot of indecision displayed on this chart shows that any thing can happen and if it breaks past its resistance and retests above my 13 moving average i will consider a buy until the next resistance
Action,
adding this pair to your rebalance trading bot is great idea , i guess i have found the perfect pair to trade in combination with Atlas Navi pair (look at my previous idea on the pair if you missed it) and TRAC (trail Origin pair if you missed it look it up on my previous posts)
as always trading new pair is always risky and dangerous can lead to losing all your funds, and this are just my thoughts and chart set up that I would consider before getting into the markets which makes the published idea not a financial investment advice whatsoever.