Hi everyone,
Potential V-shape in the making, MACD & RSI are oversold and particularly the RSI has to break he trend line to show more bullishness.
Generally reversals are quite bumpy so don't expect a straight line up, this is going to be a struggle in my opinion but I'm overall bullish!
During the development of the potential reversal we will watch out for any ABC correction since that is the second main scenario.
Kind regards,
Noel
Potential V-shape in the making, MACD & RSI are oversold and particularly the RSI has to break he trend line to show more bullishness.
Generally reversals are quite bumpy so don't expect a straight line up, this is going to be a struggle in my opinion but I'm overall bullish!
During the development of the potential reversal we will watch out for any ABC correction since that is the second main scenario.
Kind regards,
Noel
Comment:
Expecting continuation of bullish candles (engulfing patterns) & resistance at around 42K.
