This is a follow on from previous SUPRA analysis here: 
Left chart:
Price holding the possible reversal bullish divergence forming along pink trendlines.
EMA8 blue line is still holding price down and the Stoch RSI is back to bearish zone.
Right chart:
I drew in a different trendline(green) on this chart to show either left or right chart green trendline are valid.
The RSI and LMACD still have no bullish signs as mentioned in previous analysis as to what we want to see here.
Overall, SUPRA is still in a downtrend and if the bullish divergence fails, then the green fib pocket on right chart could be hit at 0.01
If the bullish divergence plays out price must breakout through resistances shown, then get past 0.022 and then above 0.0265
Any big bullish move will get stopped at 0.03252
Where do you think price will go from here, down or up?
Don't forget to hit that like rocket button!
Left chart:
Price holding the possible reversal bullish divergence forming along pink trendlines.
EMA8 blue line is still holding price down and the Stoch RSI is back to bearish zone.
Right chart:
I drew in a different trendline(green) on this chart to show either left or right chart green trendline are valid.
The RSI and LMACD still have no bullish signs as mentioned in previous analysis as to what we want to see here.
Overall, SUPRA is still in a downtrend and if the bullish divergence fails, then the green fib pocket on right chart could be hit at 0.01
If the bullish divergence plays out price must breakout through resistances shown, then get past 0.022 and then above 0.0265
Any big bullish move will get stopped at 0.03252
Where do you think price will go from here, down or up?
Don't forget to hit that like rocket button!
Note
SUPRA chart update.
Price got to the green fib pocket after failing to confirm bullish divergence as mentioned previously.
The right chart shows signs of some bullish momentum appeared on LMACD and RSI which I spoke about previously. Price has broken out but has failed to make a higher high so far. We can confirm a full blown reversal to bull mode if price gets above levels I spoke about before at 0.022
The left chart I put as a 2 day timeframe shows possible break of downward trendline, a break of the RSI and the Stoch RSI also. This can only be confirmed in 24 hours time though when the next 2 day candle forms.
If price can get to levels I require and stay above resistances I just mentioned, SUPRA could be on wave 3 of a 5 wave bullish move.
If price rejects and fails levels I spoke about, then a retest of 1 cent will happen.
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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.