Things are looking bullish.
First thing I see Is the bullish divergence that I've posted about before on the MFI and RSI on the daily chart. This essentially looks like the inverse of the Bearish divergence that was clearly visible on the apex of the bull market back in December.
The anemic volume is starting to show some strength. The 20 day moving average is starting to rise. This is very encouraging from a bull's perspective.
I see a few scenarios. The Stoch RSI is heading into the overbought range, pointing to a pull-back... I'm looking at the previous resistance at 6300-6400. This would be a set-up for a reverse head and shoulders... bullish.
Next most likely to me looks like a continuing rally to 6800 which is the previous resistance from the week of 6/20 or the previous support at 7050 from 5/28.
I'm becoming very encouraged that the sleeping giant is starting to awaken.
Happy trading!
First thing I see Is the bullish divergence that I've posted about before on the MFI and RSI on the daily chart. This essentially looks like the inverse of the Bearish divergence that was clearly visible on the apex of the bull market back in December.
The anemic volume is starting to show some strength. The 20 day moving average is starting to rise. This is very encouraging from a bull's perspective.
I see a few scenarios. The Stoch RSI is heading into the overbought range, pointing to a pull-back... I'm looking at the previous resistance at 6300-6400. This would be a set-up for a reverse head and shoulders... bullish.
Next most likely to me looks like a continuing rally to 6800 which is the previous resistance from the week of 6/20 or the previous support at 7050 from 5/28.
I'm becoming very encouraged that the sleeping giant is starting to awaken.
Happy trading!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。