Short ARC
On the 4H timeframe, we can clearly see that price reacted very strongly to the trendline I drew. Each time it touched this zone, price bounced consistently. Most recently, price broke below the trendline, came back for a retest, and showed a strong bearish rejection.
RSI has been in overbought territory repeatedly and is now starting to show signs of weakness. I wouldn’t be surprised to see price return to the 0.02477 zone in the near future.
TP: 0.02477
SL: 0.10107
RR: 1:6.46
On the 4H timeframe, we can clearly see that price reacted very strongly to the trendline I drew. Each time it touched this zone, price bounced consistently. Most recently, price broke below the trendline, came back for a retest, and showed a strong bearish rejection.
RSI has been in overbought territory repeatedly and is now starting to show signs of weakness. I wouldn’t be surprised to see price return to the 0.02477 zone in the near future.
TP: 0.02477
SL: 0.10107
RR: 1:6.46
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.