Hi everyone,
Potential V-shape in the making, MACD & RSI are oversold and particularly the RSI has to break he trend line to show more bullishness.
Generally reversals are quite bumpy so don't expect a straight line up, this is going to be a struggle in my opinion but I'm overall bullish!
During the development of the potential reversal we will watch out for any ABC correction since that is the second main scenario.
Kind regards,
Noel
Potential V-shape in the making, MACD & RSI are oversold and particularly the RSI has to break he trend line to show more bullishness.
Generally reversals are quite bumpy so don't expect a straight line up, this is going to be a struggle in my opinion but I'm overall bullish!
During the development of the potential reversal we will watch out for any ABC correction since that is the second main scenario.
Kind regards,
Noel
Note
Expecting continuation of bullish candles (engulfing patterns) & resistance at around 42K.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.