Coin from a shady past, but currently reforming a healthy community.
Besides that - all we need to know for this trade is in the chart.
- After a years-long descending wedge, paired with raising volume (bullish divergence), price broke out and retested, forming a smaller wedge
- RSI is forming higher highs on lower timeframes despite price has registered other lower lows - bullish sign
- weekly MACD is reversing
Price will now put more pressure on major weekly MAs and pop once broken them.
Targets in the chart.
cheers,
Baked Finance
this is not investment advice. do your own research first
Besides that - all we need to know for this trade is in the chart.
- After a years-long descending wedge, paired with raising volume (bullish divergence), price broke out and retested, forming a smaller wedge
- RSI is forming higher highs on lower timeframes despite price has registered other lower lows - bullish sign
- weekly MACD is reversing
Price will now put more pressure on major weekly MAs and pop once broken them.
Targets in the chart.
cheers,
Baked Finance
this is not investment advice. do your own research first
