- Price oversold on Stochastic Oscillator
- Price experiencing instability at strong support level
Comment:
4-hr chart
- Price neither oversold nor overbought
- Just below EMA (25, close)
Predictions: Watch for price to break above EMA (25, close) and then look for retest on smaller time frames OR bearish candlestick while EMA (25, close) holds as resistance
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- Just below EMA (25, close)
Predictions: Watch for price to break above EMA (25, close) and then look for retest on smaller time frames OR bearish candlestick while EMA (25, close) holds as resistance