LONG TRX, inverted head and shoulders hidden bullish divergence
As we can see, from 21dec to 3rd Jan there was a lower low, however volume is increasing. This is a strong bullish divergence. This pattern is followed up with an inverted head and shoulders with nice volume pattern confirmations, as there is a declining volume on the way down on the left shoulder, and increasing volume on the way up, with the same applying for the head as we see a declining volume on the way down and increasing volume on the way up for the head, and the same for the right shoulder. The slight hidden bullish divergence with higher lows but lower volume indicates that no one wants to sell anymore at such prices. The neckline resistance is expected to break, and we should reclaim at least the 200ma in the coming days.
Catatan
Break to the upside. Current price 92sats
Catatan
High of 127, CMP 95sats
Pernyataan Penyangkalan
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.
Pernyataan Penyangkalan
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.