MTLBTC (Metal) is starting to recover slowly...
Here we have the "v shaped" bottom pattern and also the candles moving back above MA200, EMA300/EMA200.
We also have a bullish RSI, above 50, which is really important when we are seeing these types of moves take place.
If we see similar signals but with a weak RSI it can signal that the price can easily drop...
When the RSI is strong, it is more likely to see a continuation to the upside (a continuation of the recovery) than a bull trap showing up.
Namaste.
Here we have the "v shaped" bottom pattern and also the candles moving back above MA200, EMA300/EMA200.
We also have a bullish RSI, above 50, which is really important when we are seeing these types of moves take place.
If we see similar signals but with a weak RSI it can signal that the price can easily drop...
When the RSI is strong, it is more likely to see a continuation to the upside (a continuation of the recovery) than a bull trap showing up.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.