It seems that the descending wedge that has been forming for quite some time is finally breaking out.
I see bullish hidden divergence on both the MACD/RSI at the daily level.
The market seems to have found support and is flagging up above the 0.618 fibonacci level ($7675). Good sign for trend continuation IMO
P.S. - not sure why the thumbnails have been garbled on my charts lately..
I see bullish hidden divergence on both the MACD/RSI at the daily level.
The market seems to have found support and is flagging up above the 0.618 fibonacci level ($7675). Good sign for trend continuation IMO
P.S. - not sure why the thumbnails have been garbled on my charts lately..
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