Price caught a bid above the daily 200EMA on bullish divergence. It’s possible a triangle is forming for wave IV.
Price is stuck between the breakout upper-boundary and mean support, its hard to decipher the next direction as it stands. A breakout above the line could see it rally to $25 while back below wave IV would test the 200EMA.
📈 Daily RSI had confirmed bullish divergence but not from oversold
👉 Continued upside will invalidate this analysis.
Safe trading
Price is stuck between the breakout upper-boundary and mean support, its hard to decipher the next direction as it stands. A breakout above the line could see it rally to $25 while back below wave IV would test the 200EMA.
📈 Daily RSI had confirmed bullish divergence but not from oversold
👉 Continued upside will invalidate this analysis.
Safe trading
PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.