All,
This one is clearly a falling wedge with some other smaller plays built inside it. The question of falling wedges is always the same. Where is the bottom of the wedge. It looks to be a bottoming pattern. What I really life the squeeze possibly shifting to positive momentum and we can monitor the volume and see what happens.
It may not break now.. I think maybe the ideal entry would be .35 unless it breaks. Keep an eye out.
This one is clearly a falling wedge with some other smaller plays built inside it. The question of falling wedges is always the same. Where is the bottom of the wedge. It looks to be a bottoming pattern. What I really life the squeeze possibly shifting to positive momentum and we can monitor the volume and see what happens.
It may not break now.. I think maybe the ideal entry would be .35 unless it breaks. Keep an eye out.
Note
Weekly just crossed RSI from oversold also... 
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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.