Very clear and concise, bullish here.
Triple bottom.
Multi day bullish divergences: price action with RSI and VWMACD
Comparing to other crypto's which have made similar patterns in the past, take a look at ORN protocol, we could be looking at moves towards the 3.618 fib extension. First the price action will have to continue to resolve upward by breaking two very notable resistances. This could result in the formation of something such as a large cup and handle, from which then we could see a very strong breakaway to the upside.
The RSI has clearly broken out of a longer downtrend as depicted by the crossing of the orange line.
Multi day bullish divergences: price action with RSI and VWMACD
Comparing to other crypto's which have made similar patterns in the past, take a look at ORN protocol, we could be looking at moves towards the 3.618 fib extension. First the price action will have to continue to resolve upward by breaking two very notable resistances. This could result in the formation of something such as a large cup and handle, from which then we could see a very strong breakaway to the upside.
The RSI has clearly broken out of a longer downtrend as depicted by the crossing of the orange line.
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.