2DAYCHART Linear Regression current price supported by the midline and price resistance (green)
On the 4hr Price has bounced off the bottom channel of the LinReg and the 6 hour price is actually out of it and oversold.
Look at where the current TopCap is placed and you can see previous tops marked, we have a long way to go yet!
Warning: What we need to see is that the MFI start looking upward soon, if not we will continue to go down and do a Full oversold on many other indicators
Thanks That's a wrap
This is based on how I read the charts
On the 4hr Price has bounced off the bottom channel of the LinReg and the 6 hour price is actually out of it and oversold.
Look at where the current TopCap is placed and you can see previous tops marked, we have a long way to go yet!
Warning: What we need to see is that the MFI start looking upward soon, if not we will continue to go down and do a Full oversold on many other indicators
Thanks That's a wrap
This is based on how I read the charts
