Bullish clues:
- General uptrend since August 2020
- Price rebound on the lower band of the Bollinger Bands
- Price rebound on the 50 exponential moving average (support)
- Price rebound on the Kijun of the Ichimoku Cloud
- Hidden bullish divergence on the Relative Strength Index ( RSI ) since October 2020 + RSI could rebound on the 50 level
- Squeeze pattern of the Bollinger Bands in hourly time unit => price explosion to come + ascending triangle
Target:
The objective is the psychological level of 700'0 (resistance). This could possibly lead to a double top , as the bullish movement is losing its power.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not an investment advice
- General uptrend since August 2020
- Price rebound on the lower band of the Bollinger Bands
- Price rebound on the 50 exponential moving average (support)
- Price rebound on the Kijun of the Ichimoku Cloud
- Hidden bullish divergence on the Relative Strength Index ( RSI ) since October 2020 + RSI could rebound on the 50 level
- Squeeze pattern of the Bollinger Bands in hourly time unit => price explosion to come + ascending triangle
Target:
The objective is the psychological level of 700'0 (resistance). This could possibly lead to a double top , as the bullish movement is losing its power.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not an investment advice
Ordine annullato:
Even if the price is higher when I'm writing these words, the ascending triangle was invalidated.
Commento:
Finally, the US Corn went up