DUFU Double Bottom, Bullish
Time Frame: 4H
Sentiment: Overbought
Forecast: Bullish
We can see a strong support and buying momentum around 1.6-1.8, selling power is weak.
Bar price action and the volume, showing buyers' power increase.
Broke the resistant level 1.86.
Heading to 2.13 & the next resistant around 2.2 - 2.4.
Write your thought in the comment session :)
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like my works? Please hit the Like, Follow and Share or tip me a coin :)
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
Sentiment: Overbought
Forecast: Bullish
We can see a strong support and buying momentum around 1.6-1.8, selling power is weak.
Bar price action and the volume, showing buyers' power increase.
Broke the resistant level 1.86.
Heading to 2.13 & the next resistant around 2.2 - 2.4.
Write your thought in the comment session :)
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like my works? Please hit the Like, Follow and Share or tip me a coin :)
Thanks!
Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
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