Liihen - baru break out downtrend 24/12/2020
Updated
Liihen broke short term down trend - parabolic SAR is below close price of 24/12
This indicates the price is moving on an uptrend. The ema 5 line is also on the way of crossing up the ema 20 line. Furthermore, the macd line is crossing up the signal line.
There has been significant price action 3 days building up to the breakout on 24/12
All this, are favorable conditions which would trigger multiple screeners and attract traders! At the stage, it is still early breakout
My EP - 4.0 to 4.1
My tp1 - 4.2 ( 5-2.5%)
My tp2 medium - 4.6
This indicates the price is moving on an uptrend. The ema 5 line is also on the way of crossing up the ema 20 line. Furthermore, the macd line is crossing up the signal line.
There has been significant price action 3 days building up to the breakout on 24/12
All this, are favorable conditions which would trigger multiple screeners and attract traders! At the stage, it is still early breakout
My EP - 4.0 to 4.1
My tp1 - 4.2 ( 5-2.5%)
My tp2 medium - 4.6
Trade active
Still sideways, but and uptrend is imminent RMA 5 is crossing up EMA20, parabolic SAR still below today close price.The counter saw less volume today.
Order cancelled
price broke my strong support level . cut loss
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