Pretty self explanatory. Daily MACD is starting to look short-term bearish but recently it has bounced off of the zero mark and gone up again. As we near the bottom of this ascending channel here we may see such activity again. RSI is riding in the middle, so it could go either way there.
I'm not saying this is what will happen, but it's likely. Things could get ugly if we break below this channel.
I'm not saying this is what will happen, but it's likely. Things could get ugly if we break below this channel.
Note
Bounced off pretty dang close to my low target! Wasa wasa wasa wasaaaaaa!!!! Right now we have a doji with a freaking long lower shadow on the daily... so #wenmoon #lambo #bullish
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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.