Look how the channel has been broken with volume and: - EMAS below the price, now should act as support. - MACD crossing zero line bullish - RSI on the bullish part (over 50). - STOCH (used because ADX is on sideways): CAREFUL, could be a retracement to the EMAs before continue the trend - CMF oscillator above zero line, but not significant still.
Comment
What a fakeout! PA is coming back to the channel, perhaps looking for support at 0.29 area.
1.- MACD bullish side but crossing bearish 2.- Stoch bearish 3.- ADX still sideways but crossing bearish 4.- RSI below 50 turning bearish 5.- Candles below 21 EMA
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