Weekly Squeeze and possible LONG setup for ARDR/USD HitBTCThe weekly is squeezing on this one as well as the 1HR. The One day shows us an interesting setup for a long position as the RSI hangs in overbought, the volume dies down a bit but the price goes up for a few more days. This has recently happened twice before as I will show.
Zoomed in Daily shows us a bit more detail...
The 1HR shows a Squeeze is coming and what appears to be some consolidation. Note that there has been 29 Hours of trading ABOVE the overall Down trend line from January 2, 2018. This is also the first of which we have crossed that trend line.
And let us not forget the Weekly Squeeze is on...
We can see RSI is way lower than 30 and climbing. Our Weekly Candle DID close above the trend line. Overall I think if nothing else, it's something to keep an eye on.
