Indicators
1 ) Trendline - Downtrend ( Bearish)
2) Support/Resistance - Formed lower low ( Bearish)
2) Support/Resistance - Formed lower low ( Bearish)
3) MACD - 4R5G .(Bullish) and waiting for bullish crossover
4) RSI - IF break above 30% will indicate stronger bullish sentiment
4) RSI - IF break above 30% will indicate stronger bullish sentiment
5) STO -Bullish Crossover ( .Bullish) and if break above 50% will indicate stronger bullish sentiment
6) Ichimoku - a) Price below the support cloud ( Bearish)
6) Ichimoku - a) Price below the support cloud ( Bearish)
b) Conversion line below the base line ( Bearish)
c) Price close below the baseline ( Bearish)
c) Price close below the baseline ( Bearish)
Conclusion:
Bearish but if RSI and STO show some life of bull signal there are some potential of this sleeping dragon..
Bearish but if RSI and STO show some life of bull signal there are some potential of this sleeping dragon..
E ( Entry) 0.32 ( Closed at or above it) -
S ( Stop Loss) :0.3
P ( Profit) : 0.35
RRR (Risk to Reward Ratio) = 1.5 (Slightly Rewarding)
E ( Entry) 0.32 ( Closed at or above it) -
S ( Stop Loss) :0.3
P ( Profit) : 0.37
RRR (Risk to Reward Ratio) = 2.5 (Slightly Rewarding)
Resistance- 0.315 / 0.34 / 0.36 /0.38
Support - 0.27 / 0.25
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