Using the martin trendline indicator set to 7, which historically has given good entry and exit points, it looks like we will see a lot of bullish movement over the next days and possibly weeks, but a wave back down is still possible in the short-medium term which i will now call medium rare term :). Looking at the lower timeframes confirm this very strongly.
Note
Moving down to the 6 hour chart, you can see we got a solid green big candle, which represents a long signal. We get further confirmation on smaller timeframes.Note
Note
Note
RSI Looking overbought on 1 hour(top) and 45 min chart (bottom)Note
15 min chart is over bought but could still see this go up further. Will wait for a pullback and take a position.Note
2 Hour chart lookin gucci
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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.