Lot's of bullish signs/patterns played out and are playing out.
If the bottom is in, then we would have formed a double bottom = bullish. Today's price action resemble a SFP (swing failure pattern) = bullish. Many bullish divergences on multiple time frames (1hr, 4hr, 1day, weekly) = bullish. Inverse head and shoulders pattern looks to be completing right shoulder on multiple time frames = bullish. Recent volume price is declining = bullish.
In the chart I have sell zone boxes in red where I am looking to sell parts of my position. They also correspond with the red diagonal resistance lines I drew and several EMA's (exponential moving averages: 100, 200, 250, 300) The green trend lines show support areas. We don't want price to fall below those areas.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.