When price comes to the weekly chart lower band and bounces away as we have it now. The bears have been firmly defeated.
We have a weekly divergence and relative to selling there is more buying volume.
We could pop down to 2.05 as the final scare drop but am not counting on it but be prepared to load up more there.
Price should be going to the upper band around 5.50 to 6 dollars.
We have a weekly divergence and relative to selling there is more buying volume.
We could pop down to 2.05 as the final scare drop but am not counting on it but be prepared to load up more there.
Price should be going to the upper band around 5.50 to 6 dollars.
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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.