PMHLDG - Require a strong bullish momentum
N wave with E, N, V & NT projection.
The price has slightly crossed above the down Kumo, which indicates a potential shift in momentum from bearish to bullish. However, this needs confirmation by staying above the key levels.
The Chikou Span crossing above the candle price is a bullish signal, showing that current price action is stronger than it was 26 periods ago, further hinting at a potential upward move.
NT level (0.395): This is the immediate resistance. A close and sustained price action above this level will confirm the bullish breakout. If the price closes above the NT level (0.395), it will confirm the bullish trend. A potential entry could be considered around 0.395–0.400.
The price needs to maintain its position above the NT level to confirm the continuation of bullish momentum. Any reversal below NT could invalidate the setup, so close monitoring is crucial.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
The price has slightly crossed above the down Kumo, which indicates a potential shift in momentum from bearish to bullish. However, this needs confirmation by staying above the key levels.
The Chikou Span crossing above the candle price is a bullish signal, showing that current price action is stronger than it was 26 periods ago, further hinting at a potential upward move.
NT level (0.395): This is the immediate resistance. A close and sustained price action above this level will confirm the bullish breakout. If the price closes above the NT level (0.395), it will confirm the bullish trend. A potential entry could be considered around 0.395–0.400.
The price needs to maintain its position above the NT level to confirm the continuation of bullish momentum. Any reversal below NT could invalidate the setup, so close monitoring is crucial.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
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.