Long
big swing up
1)Taking a look at the price action on November 19 to December 5 there is a lower low, while comparing at the RSI there is a higher low, indicating a bullish divergence.
2) the macd moving average is about to cross on the down side as well.
Targets-
Buy in at 5.20 would had been ideal if I had seen it on December 5th for a possible 23% gain if the target is the previous recent high.
Other possible targets is 5.7 where the 55 ema will likely b or along the downward slope if we take into account the downward trend of lower highers
2) the macd moving average is about to cross on the down side as well.
Targets-
Buy in at 5.20 would had been ideal if I had seen it on December 5th for a possible 23% gain if the target is the previous recent high.
Other possible targets is 5.7 where the 55 ema will likely b or along the downward slope if we take into account the downward trend of lower highers
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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.