While there is no confirmation here of a reversal, I love the setup.
I want to see price above the resistance at $4.30 - that would be a sign for me that the bottom is likely in.
As you can see, we have clear oversold bullish divergence on the daily chart, a huge long signal in my opinion. We also have Trading Alpha showing 4 “Bs,” which are bottom signals. Price above $4.3 would also be above the trackline on this indicator.
I really like the potential here, but need to see the breakout.
I want to see price above the resistance at $4.30 - that would be a sign for me that the bottom is likely in.
As you can see, we have clear oversold bullish divergence on the daily chart, a huge long signal in my opinion. We also have Trading Alpha showing 4 “Bs,” which are bottom signals. Price above $4.3 would also be above the trackline on this indicator.
I really like the potential here, but need to see the breakout.
info@thewolfoallstreets.io
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.
info@thewolfoallstreets.io
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.