Long
Updated Falling Wedge Idea
Updated the idea, XHV went down a bit lower but bounced on the bottom of the falling wedge and is now back at resistance. Look out for this thing to breakout, backtest and start to pump. MACD is coiling up and perhaps a breakout to the upside from buying pressure. Nice bullish divergence in the RSI, the 4hr SRSI is oversold. The 15min stoch rsi is currently overbought but i notice when these breakouts occur, the stochastic tends to get pinned to the upside, then may go sideways holding the backtest before pumping once again.
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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.