Long
APX: may bounce to top of channel
Simple setup:
Almost 100% retracement from last peak.
Price at the bottom of the channel and bottom of BBands.
Price close to the floor/strong resistance, but up-trending and developing higher highs and higher lows.
Bullish divergence on both RSI and MACD indicate an incoming movement upwards.
If develops enough momentum, it could reach higher targets, or perhaps a new ATH.
Almost 100% retracement from last peak.
Price at the bottom of the channel and bottom of BBands.
Price close to the floor/strong resistance, but up-trending and developing higher highs and higher lows.
Bullish divergence on both RSI and MACD indicate an incoming movement upwards.
If develops enough momentum, it could reach higher targets, or perhaps a new ATH.
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.
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.