USD price is at a strong confluence of supports.
RSI has bottomed and is rising. (Weekly STOCH RSI is bottomed as well. See chart in updates below.)
Ultimate Oscillator looks to be angling up a bit.
I marked the number of days in the triple-top corrections on both the left and the right. I offer no conjectures on the meaning of the similarities--merely the counts.
If price breaks down, I'll be watching the blue supports in succession.
If price breaks up, I'll watch the top of the black triangle (around $2.60) to see if we make a lower high, or if we break through toward a new high.
RSI has bottomed and is rising. (Weekly STOCH RSI is bottomed as well. See chart in updates below.)
Ultimate Oscillator looks to be angling up a bit.
I marked the number of days in the triple-top corrections on both the left and the right. I offer no conjectures on the meaning of the similarities--merely the counts.
If price breaks down, I'll be watching the blue supports in succession.
If price breaks up, I'll watch the top of the black triangle (around $2.60) to see if we make a lower high, or if we break through toward a new high.
Note
Note Weekly Stoch RSINote
In terms of moving averages:We are sitting on the 325 EMA on the daily.
And the 50 EMA on the weekly.
Both of which have held since the major BTC dump in Nov-Dec. 2018.
Note
I am still riding this trade.Note
Note
Waiting on confirmation for or against a "W" bottoming here:
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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.