After a strong consolidation to the downside we have formed a triple MACD class A bullish divergence in the 12H timeframe, which is a very significant timeframe and where we can see negative momentumdrying out.
We also have a big falling wedge which would indicate price contracction and indecission confirmed by the respected converging trendlines and low volume.
Great area to buy with a high risk reawrd, and a tight SL.
We also have a big falling wedge which would indicate price contracction and indecission confirmed by the respected converging trendlines and low volume.
Great area to buy with a high risk reawrd, and a tight SL.