has been trading within a Channel Down since the November 26 2021 High. The 1D MA50 (blue trend-line) has started to turn sideways but is still untouched since April 06. The 0.050 Support is holding on a potential Double Bottom formation but the strongest bullish sign comes from the 1D RSI which has been on Higher Lows while the price action has been on Lower Lows indicating a Bullish Divergence . As a result, a break above the 1D MA50 may be closing in and would be a bullish break-ou
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.