If we take a close look at the 4H chart we can see we have a very strong supportive trendline respected 5 times already (highlited in green). Bear candles have relatively short bodies and long tails which means the price ticked down but failed to hold at that level. Volume and volatility are extremely low and a bullish divergence on the RSI give us a signal to long. The hystogram on the MACD is also about to turn green therefore we have a triple confirmation to enter with a relatively low amount of risk.
This is not financial advise. I am not a certified professional, do your own research and before doing anything whatsoever on the financial market.
This is not financial advise. I am not a certified professional, do your own research and before doing anything whatsoever on the financial market.
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MACD moving averages bullish crossover confirms move!