Similar setup but different
Some slight differences with last year's dump coming off all-time highs.
MACD has crossed bullish
RSI never reached oversold levels before bulls started to buy
Price has closed 2 days in a row above the 12-day EMA
Price has pierced the RSI resistance that seems to have been significant in the past
Cautiously bullish. I'd like to see RSI resistance convincingly broken, and I'd like to see price action close above resistance of ~10.45 (There seems to be a bullish cup-and-handle pattern playing out right now beneath this level).
MACD has crossed bullish
RSI never reached oversold levels before bulls started to buy
Price has closed 2 days in a row above the 12-day EMA
Price has pierced the RSI resistance that seems to have been significant in the past
Cautiously bullish. I'd like to see RSI resistance convincingly broken, and I'd like to see price action close above resistance of ~10.45 (There seems to be a bullish cup-and-handle pattern playing out right now beneath this level).
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