After a double bottom at $83, things are looking up in the ether.
Here are the factors pointing to $83 being our bottom:
1) Broke out of descending triangle/channel with descending volume (bullish turnaround) (red)
2) RSI & MACD crazy bullish divergence (green)
3) Volume breakout
It looks to be coming down right now - $98 looks like our next support area to hold this up.
Moving Forth.
Here are the factors pointing to $83 being our bottom:
1) Broke out of descending triangle/channel with descending volume (bullish turnaround) (red)
2) RSI & MACD crazy bullish divergence (green)
3) Volume breakout
It looks to be coming down right now - $98 looks like our next support area to hold this up.
Moving Forth.
Note
Buy in opportunity coming - potential inverse head and shoulders forming, if it breaks red line @ $120, its up to $180 and probably $200.
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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.
Related publications
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.