VYNE, going upward after a congestion area
After a downward breakout on the support, the price went to the lowest lower of 1.67. However, buyers went strong and rise the price.
During almost 1 month, the price was in a congestion area, and sellers try again to break the support, and they failed with strongers buyers, making a three white soldiers, and crossing the congestion area.
This area was crossed and ended with a doji, and a day after the price opened above almost 5%.
We can see the strenght of ADX increasing as well as DMI+, and the opposite for DMI- that is decreasing.
We can also see that after the breakout, the price comes again to a 10-EMA, that was the top of the congestion area.
The volume increased a lot during the breakout of the congestion area.
During almost 1 month, the price was in a congestion area, and sellers try again to break the support, and they failed with strongers buyers, making a three white soldiers, and crossing the congestion area.
This area was crossed and ended with a doji, and a day after the price opened above almost 5%.
We can see the strenght of ADX increasing as well as DMI+, and the opposite for DMI- that is decreasing.
We can also see that after the breakout, the price comes again to a 10-EMA, that was the top of the congestion area.
The volume increased a lot during the breakout of the congestion area.
Nota
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Follow the social network, free telegram link: t.me/afcapital21
Instagram: afcapital
Instagram: afcapital
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.