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Counterparty: bounce incoming!
Counterparty has started to bounce off a horizontal supportline, that has been visited 4 times now on the daily candles. One could argue that this graph is also showing "the lately so often seen failed shoulder-head-shoulder" pattern that I was reffering to in my Zcash idea (tradingview.com/u/yuri72/), but I am not liking the shape of this one (especially the shape of the head).
The previous three support-touches (on the green horizontal line) resulted in a lower RSI reading (3 red ovals). But the latest touch has given us a higher RSI-reading (green line in RSI), so we have some bullish divergence. I expect the bounce to go towards 0.004 region, with maybe some hesitation around 0.0032 area (two red horizontal resistance areas).
The previous three support-touches (on the green horizontal line) resulted in a lower RSI reading (3 red ovals). But the latest touch has given us a higher RSI-reading (green line in RSI), so we have some bullish divergence. I expect the bounce to go towards 0.004 region, with maybe some hesitation around 0.0032 area (two red horizontal resistance areas).
Nota
If we get a price closing below the green support this is a 'must close trade'. But for now not a problem yet. RSI is also back at the green line. So lets se if both (price and indicator) can curl up again from here!Dagangan ditutup: hentian tercapai
We have a break of green support.. followed by (what looks to become) an inverted hammer candle.. time to close :(
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.
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.