Hello all,
As a follow-up to my daily chart analysis yesterday, here is the 1 hour.
I've identified a large falling wedge pattern (yellow) which is a big bullish indicator, as well as a nice bullish divergence on the hourly RSI. We've dropped to my $7500 support zone and had a very weak bounce - but a bounce nonetheless - off of the trend channel, in play since January 2017. This is also the 61.8% retracement area of February's spike (as shown by the white dotted line), the Stochastic is in the oversold area and we even have a nice little bullish cross on the hourly MACD!
Good luck, traders!
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Not investment advice or w/e!
As a follow-up to my daily chart analysis yesterday, here is the 1 hour.
I've identified a large falling wedge pattern (yellow) which is a big bullish indicator, as well as a nice bullish divergence on the hourly RSI. We've dropped to my $7500 support zone and had a very weak bounce - but a bounce nonetheless - off of the trend channel, in play since January 2017. This is also the 61.8% retracement area of February's spike (as shown by the white dotted line), the Stochastic is in the oversold area and we even have a nice little bullish cross on the hourly MACD!
Good luck, traders!
-----
Not investment advice or w/e!
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.
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.