Price caught a bid above the daily 200EMA on bullish divergence. It’s possible a triangle is forming for wave IV.
Price is stuck between the breakout upper-boundary and mean support, its hard to decipher the next direction as it stands. A breakout above the line could see it rally to $25 while back below wave IV would test the 200EMA.
📈 Daily RSI had confirmed bullish divergence but not from oversold
👉 Continued upside will invalidate this analysis.
Safe trading
Price is stuck between the breakout upper-boundary and mean support, its hard to decipher the next direction as it stands. A breakout above the line could see it rally to $25 while back below wave IV would test the 200EMA.
📈 Daily RSI had confirmed bullish divergence but not from oversold
👉 Continued upside will invalidate this analysis.
Safe trading
PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
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PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.