Manchester City Fan Token (CITY)

On the above 2-day chart price action has corrected almost 80%. A number of reasons now exist to be bullish, including:

1) Strong buy signal (not shown).

2) Price action and RSI resistance breakouts.

3) Regular bullish divergence. 8 oscillators currently print positive divergence with price action. A clearer overview may be seen on the 8-day chart below.

4) Lastly price action is currently on the golden ratio following the breakout. Typically a good long entry.

Is it possible price action falls further? Sure.
Is it probable? No

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: no idea
Return: no idea




8-day divergence

Trade ist aktiv:

**GRM support confirmed**

Kommentar:

Price action up 70% since confirmation of GRM ;)