SQQQ - Possible bull run in the making
Aktualisiert
On the 1D chart:
-Price crossed and is holding above the 50 day EMA.
-If RSI can stay above 50, that's a sign of continued upward momentum.
-Hidden bullish divergence supports (upward) trend continuation.
-See 4 hour chart below.
Never follow someone else's trading plan. These are just my observations for entertainment and education, not financial advice.
Have fun, and trade safely.
-Price crossed and is holding above the 50 day EMA.
-If RSI can stay above 50, that's a sign of continued upward momentum.
-Hidden bullish divergence supports (upward) trend continuation.
-See 4 hour chart below.
Never follow someone else's trading plan. These are just my observations for entertainment and education, not financial advice.
Have fun, and trade safely.
Anmerkung
On a 4 hr (log) chart, the last time the EMAs crossed the 200 EMA was just shy of 2 years ago. Price couldn't hold above the 200 EMA back then, but it appears to be retesting the 200 EMA as support. RSI and the wave trend with crosses just need to continue their uptrends. There are 2 types of hidden bullish divergence showing in the indicators I like, as well. This is definitely one to watch.
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