Bullish Signs:
Also noticing a negative divergence however. I don't think it'll have the same strength to reach the top of the channel, maybe a gap fill. Would think the safest entry is after confirmation above the 50 SMA.
- Large volume the last few candles showing bulls trying to stop the drop down below the 200 SMA on the daily.
- Bullish divergence on MFI and Stochastic implies volume attempting to push it up
- Market trend is leaning towards positive.
- Completed bullish cypher pattern
- Returned to the support of an ascending channel
- Squeezing between 50 and the 200 SMA on the daily.
Also noticing a negative divergence however. I don't think it'll have the same strength to reach the top of the channel, maybe a gap fill. Would think the safest entry is after confirmation above the 50 SMA.
Nota
Worried about the setup as it could also be rising wedge that broke down with a bear flag. Would tread carefully.
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Declinazione di responsabilità
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.