Bullish divergence forming on the daily MACD

17. Jan. 2021

Bullish divergence is currently forming on the daily MACD per the yellow lines. Please be cautious as this still has to play out. We are looking for positive momentum to shift on the daily chart. Hopefully we will see a breakout soon (next 24hrs) or we might have some more consolidation and one more down side move to the $.0084 area before we have our breakout.