Hey fellas, here is another update. I used pivot points indicator which is a price level that is used as a possible indicator of market movement.
A pivot point is calculated as an average of significant prices (high, low, close) from the performance of a market in the prior trading period.
The retracement is 38.2%. It has found a solid support. RSI is not looking good but it is moving up. It is showing a bull Flag. It might just pump up a bit.
Trade with caution :)
regards,
A pivot point is calculated as an average of significant prices (high, low, close) from the performance of a market in the prior trading period.
The retracement is 38.2%. It has found a solid support. RSI is not looking good but it is moving up. It is showing a bull Flag. It might just pump up a bit.
Trade with caution :)
regards,