Buyers tried to break 0.618 Fib. (H4 chart) but failed 2 times.
Trend was on a good run but buyers are losing health and momentum.
We can see lower highs and lower lows forming.
MACD and RSI are in higher levels indicating there's a lot of room
to close long positions.
Let me know what you guys think, this is my first analysis :)
Trend was on a good run but buyers are losing health and momentum.
We can see lower highs and lower lows forming.
MACD and RSI are in higher levels indicating there's a lot of room
to close long positions.
Let me know what you guys think, this is my first analysis :)