StochasticRSI bounced off the plotted ceiling. May have support on the way back down in the 40~ pt area.
Double top on RVI
Price is forming a wedge/channel downwards. However, it has strong psychological support between the .236 and .382 fib levels.
I would watch for a topside break of the wedge and buy near the bottom if other indicators support it at that time.
Double top on RVI
Price is forming a wedge/channel downwards. However, it has strong psychological support between the .236 and .382 fib levels.
I would watch for a topside break of the wedge and buy near the bottom if other indicators support it at that time.
Note
Price is consolidating to the bottom of the wedge. Next support is at the .236 fib line and if that doesn't hold the price could slip to the bottom of the Kumo at 311k~
Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
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.
Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
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.