Price caught a bid above the daily 200EMA on bullish divergence. It’s possible a triangle is forming for wave IV.
Price is stuck between the breakout upper-boundary and mean support, its hard to decipher the next direction as it stands. A breakout above the line could see it rally to $25 while back below wave IV would test the 200EMA.
📈 Daily RSI had confirmed bullish divergence but not from oversold
👉 Continued upside will invalidate this analysis.
Safe trading
Price is stuck between the breakout upper-boundary and mean support, its hard to decipher the next direction as it stands. A breakout above the line could see it rally to $25 while back below wave IV would test the 200EMA.
📈 Daily RSI had confirmed bullish divergence but not from oversold
👉 Continued upside will invalidate this analysis.
Safe trading
PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.