Strong bullish wave (A) ended at level 0.7030
then corrective wave (B) occurred until level 0.6827 retesting major uptrendline
RSI shows positive divergence
MACD shows bullish momentum
Price is based on HVN at level 0.671 which indicates that price is in accumulation phase
It's expected for coming strong bullish wave (C) to retest the upper limit of the channel pattern at level 0.7070
then corrective wave (B) occurred until level 0.6827 retesting major uptrendline
RSI shows positive divergence
MACD shows bullish momentum
Price is based on HVN at level 0.671 which indicates that price is in accumulation phase
It's expected for coming strong bullish wave (C) to retest the upper limit of the channel pattern at level 0.7070
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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.