Is a bull trend starting to last a few weeks?
The rsi failed to break 50 on the weekly timeframe, the emas remained healthy, and the macd also turned back before zero.
This will be confirmed on the daily timeframe when the macd crosses zero, the rsi already indicates that there is momentum for this. By the time the macd goes above zero, the chart should already be above the 50 ema, from where it can bounce. The alignment of the smaller emas and the cross with the 50 ema could be a sign of the start of the bull. As long as the chart is below the 50 ema with the smaller emas (8,13,21), I do not consider the eventual start to be certain, but I see a potential chance.
The current political situation and economic processes can greatly influence the forecast.
What is very positive now, and could be a sign of a bull season lasting a few weeks to around $5-6, is the positive changes on the 4-hour timeframe. Small emas in a healthy sequence, macd is about to cross zero, rsi is at 50, AFR indicator shows a bull signal.
There was a similar start almost two weeks ago, but the chart could not complete it, fortunately the emas were able to stay above 200 ema on the daily timeframe.
There were moments in the past few weeks that made me think, because it was impossible to decide which direction to take, now this seems to be changing.
When everything turns positive, I will prefer trading on the 15-minute timeframe first.
The indicator is our friend, let the chart be with us!
Happy trading!
The rsi failed to break 50 on the weekly timeframe, the emas remained healthy, and the macd also turned back before zero.
This will be confirmed on the daily timeframe when the macd crosses zero, the rsi already indicates that there is momentum for this. By the time the macd goes above zero, the chart should already be above the 50 ema, from where it can bounce. The alignment of the smaller emas and the cross with the 50 ema could be a sign of the start of the bull. As long as the chart is below the 50 ema with the smaller emas (8,13,21), I do not consider the eventual start to be certain, but I see a potential chance.
The current political situation and economic processes can greatly influence the forecast.
What is very positive now, and could be a sign of a bull season lasting a few weeks to around $5-6, is the positive changes on the 4-hour timeframe. Small emas in a healthy sequence, macd is about to cross zero, rsi is at 50, AFR indicator shows a bull signal.
There was a similar start almost two weeks ago, but the chart could not complete it, fortunately the emas were able to stay above 200 ema on the daily timeframe.
There were moments in the past few weeks that made me think, because it was impossible to decide which direction to take, now this seems to be changing.
When everything turns positive, I will prefer trading on the 15-minute timeframe first.
The indicator is our friend, let the chart be with us!
Happy trading!
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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.
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.