While there is no confirmation here of a reversal, I love the setup.
I want to see price above the resistance at $4.30 - that would be a sign for me that the bottom is likely in.
As you can see, we have clear oversold bullish divergence on the daily chart, a huge long signal in my opinion. We also have Trading Alpha showing 4 “Bs,” which are bottom signals. Price above $4.3 would also be above the trackline on this indicator.
I really like the potential here, but need to see the breakout.
I want to see price above the resistance at $4.30 - that would be a sign for me that the bottom is likely in.
As you can see, we have clear oversold bullish divergence on the daily chart, a huge long signal in my opinion. We also have Trading Alpha showing 4 “Bs,” which are bottom signals. Price above $4.3 would also be above the trackline on this indicator.
I really like the potential here, but need to see the breakout.
info@thewolfoallstreets.io
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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.
info@thewolfoallstreets.io
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.