C98: THE STRONGEST POSISTVE SIGN EVER
HELLO GUYS
-For 9 months, we have formed a falling wedge on strong foundations,
3 months ago, it started to slow down and give positive signals, and it seemed to be on a cumulative horizontal path.
- Recently, it breached the falling trend line, which is also the resistance line for the falling wedge.
- Today it is re-testing on three lines, which are the support line that was formed 3 months ago, the minor ascending trend line that started forming recently, and the descending trend line, and it seems that it has succeeded so far.
-
In conjunction with that, the #RSI indicator during these months has formed a very positive pattern which is the ascending triangle, and the retest coincides with the RSI's rebound from the ascending support of the triangle, which is a strong positive sign.
-For 9 months, we have formed a falling wedge on strong foundations,
3 months ago, it started to slow down and give positive signals, and it seemed to be on a cumulative horizontal path.
- Recently, it breached the falling trend line, which is also the resistance line for the falling wedge.
- Today it is re-testing on three lines, which are the support line that was formed 3 months ago, the minor ascending trend line that started forming recently, and the descending trend line, and it seems that it has succeeded so far.
-
In conjunction with that, the #RSI indicator during these months has formed a very positive pattern which is the ascending triangle, and the retest coincides with the RSI's rebound from the ascending support of the triangle, which is a strong positive sign.
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.