MTLBTC (Metal) is starting to recover slowly...
Here we have the "v shaped" bottom pattern and also the candles moving back above MA200, EMA300/EMA200.
We also have a bullish RSI, above 50, which is really important when we are seeing these types of moves take place.
If we see similar signals but with a weak RSI it can signal that the price can easily drop...
When the RSI is strong, it is more likely to see a continuation to the upside (a continuation of the recovery) than a bull trap showing up.
Namaste.
Here we have the "v shaped" bottom pattern and also the candles moving back above MA200, EMA300/EMA200.
We also have a bullish RSI, above 50, which is really important when we are seeing these types of moves take place.
If we see similar signals but with a weak RSI it can signal that the price can easily drop...
When the RSI is strong, it is more likely to see a continuation to the upside (a continuation of the recovery) than a bull trap showing up.
Namaste.
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🎯 LIFETIME Results: t.me/anandatrades/1183
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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.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
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.