Huge volume increase, Positive Catalyst, Open MACD, RSI Clean
The launch of the tZERO token cryptocurrency has only been trading for a few days. This is a strong catalyst event, as speculation directly in crypto assets has produced huge % gains. Indirectly speculating through buying OSTK is a way into the crypto markets without as much risk.
The RSI is not oversold, MACD on the daily chart shows a strong green candle with room for further growth. Resistance was broken through and tested on Friday, so the first few trading sessions of this week will be available for day-trading gains. I'd watch for a pullback to re-test the resistance on Monday before taking a position.
The RSI is not oversold, MACD on the daily chart shows a strong green candle with room for further growth. Resistance was broken through and tested on Friday, so the first few trading sessions of this week will be available for day-trading gains. I'd watch for a pullback to re-test the resistance on Monday before taking a position.
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