Why i am possetive about twitter
Twitter has experienced long term and huge correction , and i think twitter chart has good potential to be reversed.let s look at the chart:
Three strong supports line clusterd near the price:
1.price is supporting by strong static support line (purple line).
2.price is supporting by long term(weekly) dynamic support line( green line).
3.price is supporting by 0.786 fibonacci level
as you know, RSI is important indicator so lets look at the rsi and analyze it:
1.in rsi downtrend line is broken and pullback is completed. When the RSI breaks its downtrend line, it is very likely that the price will also break it (yellow line).
2.there is bullish divergence between Price & Rsi(red line).
Three strong supports line clusterd near the price:
1.price is supporting by strong static support line (purple line).
2.price is supporting by long term(weekly) dynamic support line( green line).
3.price is supporting by 0.786 fibonacci level
as you know, RSI is important indicator so lets look at the rsi and analyze it:
1.in rsi downtrend line is broken and pullback is completed. When the RSI breaks its downtrend line, it is very likely that the price will also break it (yellow line).
2.there is bullish divergence between Price & Rsi(red line).
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