Looking bearish on the Hourly.
RSI is already overbought while the BlueWave doesn't have an upper wave yet. (bad sign)
I would wait a little bit till we have a confirmed green dot (buy signal) combined with an oversold RSI to go in.
RSI is already overbought while the BlueWave doesn't have an upper wave yet. (bad sign)
I would wait a little bit till we have a confirmed green dot (buy signal) combined with an oversold RSI to go in.
Note
Also 20 day EMA acting as resistance
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.