RSI showed bearish divergence (ofc after that pump), we're going through consolidation phase after the push with both indicators showing hidden bullish divergence: that means price low's going higher with less buying strength and thus lower minimums in the indicators but not yet breaking the trend.
MACD and Stochastic seem to confirm my theory, and the green channel line from previous days is showing now as a strong support, being only wicked down but not overlapped by the candles themselves.
Daily indicators are oversold, but of course that could be further enforcing my theory that this is indeed a market trend reversal in case they stay up. And there's plenty of room to grow in the weekly indicators so make your own conclusions, and set stop-losses lads!
Good luck everyone
Daily indicators are oversold, but of course that could be further enforcing my theory that this is indeed a market trend reversal in case they stay up. And there's plenty of room to grow in the weekly indicators so make your own conclusions, and set stop-losses lads!
Good luck everyone
Order storniert:
Imminent breakout of the ascending triangle, target stablished per Bulkowski's standards (75%) 6850€ ($8450-$8500). Buyers taking over ignoring hourly stochastic indicators
Trade ist aktiv:
ofc, trading is active, I missclicked that. Further confirmation in the 4h chart
Trade ist aktiv:
holy cannoli... I mean, is this accuracy scary? timing was quite on point
2h chart
4h chart