SUPRA chart updated analysisThis is a follow on from previous SUPRA analysis here:
Left chart:
Price holding the possible reversal bullish divergence forming along pink trendlines.
EMA8 blue line is still holding price down and the Stoch RSI is back to bearish zone.
Right chart:
I drew in a different trendline(green) on this chart to show either left or right chart green trendline are valid.
The RSI and LMACD still have no bullish signs as mentioned in previous analysis as to what we want to see here.
Overall, SUPRA is still in a downtrend and if the bullish divergence fails, then the green fib pocket on right chart could be hit at 0.01
If the bullish divergence plays out price must breakout through resistances shown, then get past 0.022 and then above 0.0265
Any big bullish move will get stopped at 0.03252
Where do you think price will go from here, down or up?
Don't forget to hit that like rocket button!
