Long
Bull Flag/Ascending Triangle Risky
Multiple bullish patterns with the stochastic RSI coiling up as well as the MACD which is about to cross bullish. Slight exaggerated divergence on the rsi and price. Small cup and handle with low 5min and 15min stochastic rsi. Wait for a breakout as suggested in green. Bounce on 200ema and riding 20 ema up. This is a high-risk idea as there is bearish divergence on multiple time frames. The 1hr stochastic rsi is in overbought territory. 4hr stochastic rsi stalling out going sideways, may reset to oversold.
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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.