Williams Alligator Indicator shows the lines ¨eating with an open mouth¨ (lips, teeth and jaw lines moving upwards and far away from each other), with the candlesticks above the lines, meaning SOS is in a strong uptrend.
RSI shows that SOS has recently experienced a correction, which might correlate with the red candlesticks forming recently. Currently, SOS is not overbought or oversold, therefore, a trend reversal is unlikely in the near future.
MACD line is over the signal line, indicating the presence of bullish momentum.
Candlestick Patterns: A Bullish Three White Soldiers pattern emerged 10 days ago, but a bearish pattern started 3 days ago. The pattern started with a bearish Hanging Man pattern, which usually emerges after an uptrend. Hanging Man confirms a trend reversal from bullish to bearish when the price moves lower on the next candle, which did occur.
Overview: Overall, all indicators suggest that SOS is in a bullish trend, but candlesticks suggest otherwise. SOS could currently be going through slight price correction or a complete trend reversal. A long position is recommended, entry price is set higher than current price for assurance, and stop loss is set at about -5%.
RSI shows that SOS has recently experienced a correction, which might correlate with the red candlesticks forming recently. Currently, SOS is not overbought or oversold, therefore, a trend reversal is unlikely in the near future.
MACD line is over the signal line, indicating the presence of bullish momentum.
Candlestick Patterns: A Bullish Three White Soldiers pattern emerged 10 days ago, but a bearish pattern started 3 days ago. The pattern started with a bearish Hanging Man pattern, which usually emerges after an uptrend. Hanging Man confirms a trend reversal from bullish to bearish when the price moves lower on the next candle, which did occur.
Overview: Overall, all indicators suggest that SOS is in a bullish trend, but candlesticks suggest otherwise. SOS could currently be going through slight price correction or a complete trend reversal. A long position is recommended, entry price is set higher than current price for assurance, and stop loss is set at about -5%.