Finally recovering from a long downward slide, it appears that a slight retracement is coming after this recent rise.
A cup and handle formation is looking likely. Fib Trend and previous resistance levels show support at 250sat.
RSI divergence indicate possible retracement or consolidation period, but Bollinger Band expansion seems to indicate a retracement.
Daily stochastic trends are reaching upper limits, signalling the small selloff.
MACD slight consolidation may lead to larger move downwards for the retracement.
Otherwise, 3 moving averages and Clouds show strong support, allowing some consolidation.
Any entry points around this level should be great for the upcoming rise. ICNXBT
* (4H-) means anything on the 4 Hour or lower (4H, 3H, 30min, etc.) time frame.
A cup and handle formation is looking likely. Fib Trend and previous resistance levels show support at 250sat.
RSI divergence indicate possible retracement or consolidation period, but Bollinger Band expansion seems to indicate a retracement.
Daily stochastic trends are reaching upper limits, signalling the small selloff.
MACD slight consolidation may lead to larger move downwards for the retracement.
Otherwise, 3 moving averages and Clouds show strong support, allowing some consolidation.
Any entry points around this level should be great for the upcoming rise. ICNXBT
* (4H-) means anything on the 4 Hour or lower (4H, 3H, 30min, etc.) time frame.