In February we have seen a bull run of around 50%. We than entered a retracement period. Are we ready for round 2? We can clearly see a triangle forming during this retracement period the volume confirms this triangle. A triangle however is not really a very bullish or bearish sign. But we can however we nicely use this to determine when to enter. I will get...
Bullish : - Stoch RSI is looking good - Triangle is forming and volume is confirming this triangle(declining volume) - TK cross above the cloud and green cloud is forming - Fast EMA 50 crossed slow EMA 200 - Same thing what we are seeing now happened around may 2017 Note : Sadly regular RSI is little oversold so after breakout there is a possibility for...
TA: - Huge cloud with a very horizontal top edge - We see a triangle that could break any day now - RSI is following a bullish trendline and is trendline is above the 50 level - Stoch RSI about to make a crossover and is oversold - Volume is confirming triangle Strategy: Wait for price break out of triangle(up) make sure it is not a fake breakout so look for some...