Look how the channel has been broken with volume and:
- EMAS below the price, now should act as support.
- MACD crossing zero line bullish
- RSI on the bullish part (over 50).
- STOCH (used because ADX is on sideways): CAREFUL, could be a retracement to the EMAs before continue the trend
- CMF oscillator above zero line, but not significant still.
- EMAS below the price, now should act as support.
- MACD crossing zero line bullish
- RSI on the bullish part (over 50).
- STOCH (used because ADX is on sideways): CAREFUL, could be a retracement to the EMAs before continue the trend
- CMF oscillator above zero line, but not significant still.
Note
What a fakeout! PA is coming back to the channel, perhaps looking for support at 0.29 area.
1.- MACD bullish side but crossing bearish
2.- Stoch bearish
3.- ADX still sideways but crossing bearish
4.- RSI below 50 turning bearish
5.- Candles below 21 EMA
Not touching!
Just my journey
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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.