Hello traders, NMR / BUSD is in a bullish dynamic in a descending triangle with higher and higher lows and a sharp decrease in trade volume. The RSI is below 50.00 which makes us say it is an undersold area so the market stays in its bearish push with a MACD below zero. And a low sell volume on this strong early session candle possibility for the breakout triangle on the last low unless the bears do not return to the market supply. We have an optimal entry point (E) on the ELLIOTT wave as confirmation and return of smarts money.
With the resistance checker, see how the price reacts in this area in order to decrease the risk and reduce the exposure on short term positions for long terms. After that, check the sentiment of the future market for this third quarter. All of this is available for free, please give me a hand if you like this job.
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