We are clearly moving into these channel to come back on a trend line. Still bullish
there are 3 possible trendline:
1) Green .. extremely bullish, it would represent an further accelerating trend
2) Blue... bullish
3) Red... smooth bullish
After Major corrections RSI hitted the 30% (see the circles) opening to a new bull run. It happened 2 times and as things come in three, why should it do an exception now?
What confirm me this supposition?
Last RSI Spike on the 1 Day chart was the highest in the last 3 years. If in the high we are really bullish, why should we transform suddendly in a raging bear bringing us to ultra oversold zone? Moreover RSI decrease is now slowing down.
For these two reasons I'm almost sure that hitting the 30% of the RSI it will open to a long antigravitational trade.
there are 3 possible trendline:
1) Green .. extremely bullish, it would represent an further accelerating trend
2) Blue... bullish
3) Red... smooth bullish
After Major corrections RSI hitted the 30% (see the circles) opening to a new bull run. It happened 2 times and as things come in three, why should it do an exception now?
What confirm me this supposition?
Last RSI Spike on the 1 Day chart was the highest in the last 3 years. If in the high we are really bullish, why should we transform suddendly in a raging bear bringing us to ultra oversold zone? Moreover RSI decrease is now slowing down.
For these two reasons I'm almost sure that hitting the 30% of the RSI it will open to a long antigravitational trade.
註釋
Seems to hold the trend line..
But the 30% RSI in the 1 Day Chart is a little bit lower
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