RSI is showing bullish divergence on the daily. Volume is increasing. MACD histogram is beginning to uptick on the 4H. These are early signs and it’s looking like it is getting ready to make a move.
Enter between 5900 – 6100 Take Profit Targets: TP1 9681 TP2 12016 TP3 13903 TP4 15791 TP5 18477
I’d suggest a wider stop on this trade as it looks to be still forming a base. Alternatively sit out for a while and wait and see how the price reacts in this range, and enter once there is confirmation.
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.