On the hourly we are looking at a falling wedge and Chuvashov fork set up. We have yet to break out but the fork shows the increasing buy pressure. This is supported by the MFI, CMF and Acc/Dist indicators.
Looking for further accumulation at this price level, coupled with a reset in the RSI back to trend, to gear up for potential break out. Look to buy on breaking up from this fork, or a strong third bounce off lower support.
Looking for further accumulation at this price level, coupled with a reset in the RSI back to trend, to gear up for potential break out. Look to buy on breaking up from this fork, or a strong third bounce off lower support.
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