Looking at the 4 hour and 1 hour chart, we can see an uptrend.
On the 4 hour chart we are in an ascending triangle. On the 1 hour chart we are in a steady uptrend with price bouncing between the support and resistance.
The Stochastic indicator along with the RSI is suggesting price will retrace back to the support zone, this is also reinforced with price sitting at the resistance on the trendline, suggesting a drop.
What do you think?
On the 4 hour chart we are in an ascending triangle. On the 1 hour chart we are in a steady uptrend with price bouncing between the support and resistance.
The Stochastic indicator along with the RSI is suggesting price will retrace back to the support zone, this is also reinforced with price sitting at the resistance on the trendline, suggesting a drop.
What do you think?