Here we are looking at mainly two bullish scenarios for Time New Bank, TNBBTC, based on this higher low (1,2).
Prices are now trading above EMA10, which can easily lead to additional growth.
TNBBTC also has bullish indicators with the MACD showing a bullish cross. The RSI is about to move past 50 which is bullish.
The second scenario is the red arrow, where prices first drop back below EMA10 to touch the ascending trendline and then the uptrend is resumed... The red dashed line at the bottom can be used as a stop-loss.
Namaste.
Prices are now trading above EMA10, which can easily lead to additional growth.
TNBBTC also has bullish indicators with the MACD showing a bullish cross. The RSI is about to move past 50 which is bullish.
The second scenario is the red arrow, where prices first drop back below EMA10 to touch the ascending trendline and then the uptrend is resumed... The red dashed line at the bottom can be used as a stop-loss.
Namaste.
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