Bullish divergence playing out into a broadening wedge

5 dic 2020

I think we have some bullish signals for grin. I saw some bullish divergence a few weeks ago that is starting to play out. On the 4h chart we stopped making lower lows since 8 November. Meanwhile the RSI shows higher lows. Indicates underlying strength where bears are exhausted. This might be a warning of a possible trend direction change from downtrend to an uptrend. Also macd shows weaker bearish momentum and trending upward. If the volume can pick up a bit more we could be in for some fun