đź’ŽBAND pulled back with the rest of the market but retested important support. This support is at $11.1, which is the retest of a previous breakout zone and the 0.618 Fibonacci level. The wicks at this area show immediate buying support in this zone. The bulls are being aggressively buying the dips.
đź’ŽOn the 4H timeframe, the selling exhaustion been visible on the ATR+ indicator (ATR - Average True Range - measures market volatility by decomposing the entire range of an asset price for that period) and on a bullish divergence signal. It signalled that bulls are stepping in. And it got confirmed after the price crossed the baseline.
đź’ŽHTF trend continuation of BAND looks likely. For some people, it is definitely not a bad time to establish a position within the white range as we are retesting the prior ATH breakout and should be primed for continuation up in the near future.
đź’ŽOn the 4H timeframe, the selling exhaustion been visible on the ATR+ indicator (ATR - Average True Range - measures market volatility by decomposing the entire range of an asset price for that period) and on a bullish divergence signal. It signalled that bulls are stepping in. And it got confirmed after the price crossed the baseline.
đź’ŽHTF trend continuation of BAND looks likely. For some people, it is definitely not a bad time to establish a position within the white range as we are retesting the prior ATH breakout and should be primed for continuation up in the near future.
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Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.