Look at the subpatterns I identified and feel free to tell me if you agree or not with their existance.
What's more sure is that this correction phase should end soon, take a glance to the support level and to the fibonacci retirement aswell.
the MACD shows oversold but the momentum isn't significative. On the other hand volumes are not that low, signals of a market which is alive and reactive!
EMAs(50,200) crossing could also be a signal for reversal.
Let's see what happens next.
We would expect a new uprise within 2-3 days
Share your opinion!
What's more sure is that this correction phase should end soon, take a glance to the support level and to the fibonacci retirement aswell.
the MACD shows oversold but the momentum isn't significative. On the other hand volumes are not that low, signals of a market which is alive and reactive!
EMAs(50,200) crossing could also be a signal for reversal.
Let's see what happens next.
We would expect a new uprise within 2-3 days
Share your opinion!
Reversal point to be confirmed with the next 2 4h-candles
If you didn't buy yet, this could be a good entry to ride untill (3) will be completed!