Real nice divergence here on the 3D chart on BOTH the RSI and MACD.
ADX indicates the bear trend is fading, and volatility is just about reset. An expansion into a bull trend could bring a fierce move to the upside here.
MACD signal has crossed as well and the RSI shows us that momentum has come back as the Fast RSI cloud has taken off while the regular RSI signal is back above its moving average.
OBV has flipped bullish.
Money flow has began moving upward as well.
These things would imply we have found a bottom here and even with a common retracement, there is massive upside potential.
ADX indicates the bear trend is fading, and volatility is just about reset. An expansion into a bull trend could bring a fierce move to the upside here.
MACD signal has crossed as well and the RSI shows us that momentum has come back as the Fast RSI cloud has taken off while the regular RSI signal is back above its moving average.
OBV has flipped bullish.
Money flow has began moving upward as well.
These things would imply we have found a bottom here and even with a common retracement, there is massive upside potential.
Note
Shorter term, without being able to close above 00413, we could see a pullback on the lower time frames. Hard support looks like 0035
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discord.gg/2b6UjxEY
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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.