Daily chart shows Bullish engulfing off Support zone in green
4hr chart has double bottom and RSI divergence
Market structure showing Higher High.
IF theres a BULLISH engulfing candle off the 38.2 fib this would be bullish (hyper) and a buy signal.
Wait for confirmation by seeing where the bulls are in control of price action. It could be previous zone @ 61.8 fib
STOP below
.28c
4hr chart has double bottom and RSI divergence
Market structure showing Higher High.
IF theres a BULLISH engulfing candle off the 38.2 fib this would be bullish (hyper) and a buy signal.
Wait for confirmation by seeing where the bulls are in control of price action. It could be previous zone @ 61.8 fib
STOP below
.28c
Note
Structure looks like a bull flag on the 6hr chart.
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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.