IQ at support level -- several indicators confirming
(RSI, 14) is on a higher low, trending up @36.3
Stochastic RSI on a high 97
Bollinger bands on a 1h time period are reaching a squeeze.
SMA is starting to cross the middle Bollinger Band.
This is the trade I would make:
Entry: 22.8
Long: 23.8 (+ 4% )
Short: 22.15 (- 2.85% )
RRR: 1.54
Stochastic RSI on a high 97
Bollinger bands on a 1h time period are reaching a squeeze.
SMA is starting to cross the middle Bollinger Band.
This is the trade I would make:
Entry: 22.8
Long: 23.8 (+ 4% )
Short: 22.15 (- 2.85% )
RRR: 1.54
Note
As expected, IQ had a significant growth of over 5%; reaching a new resistance level (24 pts).MACD well above the signal line on a 1day chart. And above (but trending lower) on a 1h chart.
(RSI, 14) is @60.5, meaning there could be a small/momentary pullback.
Stochastic RSI is still high, but slightly lower than before 94; confirming the pullback.
New support at @23.1
New resistance TBD.
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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.