Hi, traders and readers of TradingView. Lemon Insiders team has prepared daily analytics for you, where we will tell you what we expect to see from the market in the coming days!
Yesterday we wrote that we expect a correction, which, in fact, happened. At the moment, the bears have not run out of power, and therefore we are waiting for one or two more tests of support at 6370-6360 (as it was last time), from which we will again pick up a position in the long, but for now - short.
The 4H Stoch RSI is already entering a zone of a possible reversal, but, as practice shows, it does not turn around so quickly. Therefore, it may be in the zone of another 3-4 candles and only then turn around, so that a fall on it is still allowed.
At 1H MACD, the strength of the seller is clearly visible, which is not dying down yet, but not so strong as to shed the price much down. This moment also tells us that re-testing of support is possible.
We thank you for your attention! Profitable trades to you!
Yesterday we wrote that we expect a correction, which, in fact, happened. At the moment, the bears have not run out of power, and therefore we are waiting for one or two more tests of support at 6370-6360 (as it was last time), from which we will again pick up a position in the long, but for now - short.
The 4H Stoch RSI is already entering a zone of a possible reversal, but, as practice shows, it does not turn around so quickly. Therefore, it may be in the zone of another 3-4 candles and only then turn around, so that a fall on it is still allowed.
At 1H MACD, the strength of the seller is clearly visible, which is not dying down yet, but not so strong as to shed the price much down. This moment also tells us that re-testing of support is possible.
We thank you for your attention! Profitable trades to you!