Price action (candles) need to stay above the clouds and the (green) Tenkan-sen needs to stay above the (red) Kijun-sen.
Confirm bounce with RSI.
Confirm bounce with RSI.
Note
Stronger resistance sitting at $200.Note
Bounce confirmed at $90 and got close to the weak resistance.Note
Analysis complete.Note
As long as price action stays above the cloud the price should stay bullish. Analysis complete.Note
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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.