Breakout is imminent
Updated
Compression of price within the short and medium-term trend lines. Price bounced from 200 MA & 50 EMA support and faced resistance of 9 & 21 EMA.
50 MA is about to cross down 9 & 21 EMA, and MACD is positive divergence.
Expect a sharp breakout, SL = $0.8, target = trendlines.
50 MA is about to cross down 9 & 21 EMA, and MACD is positive divergence.
Expect a sharp breakout, SL = $0.8, target = trendlines.
Trade active
This trade is still in play. Probably, close above $0.97 on daily basis may give a thrust to higher levels.
#Bullish
Trade closed: stop reached
Stop hit. Booked losses for now; will wait for a turnaround.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.