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254 Posts.
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17/02/20
13:10
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And for those who prefer technical analysis over fundamental analysis:
- The MACD inflection point was last week, now moving from red towards green
- RSI achieving higher highs and higher lows, means demand outstripping supply, seller exhaustion was last week
- Stocks on the rise, candles inching closer and closer to crossing the PSAR
- Middle bolly is at $0.15
- Top bolly is $0.21
- This is just daily chart, the hourly shows a breakout already
- See the diagonal trend line, SP is holding above this which means breakout waiting for confirmation
- There are gaps on the hourly at $0.135 and $0.175 that want to fill short term
A good video here on gaps
https://m.youtube.com/watch?index=695&list=LLNfyhMQp3DqFNis9IDDC_Lw&v=2TO-r3KlAec
Just opinion, not advice
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