- Price is moving inside an ascending triangle pattern.
- EMA 50 > EMA 200 ==> Golden Cross;
- EMA 200 acting as support at 22.50 region, also see increased volume;
- Strong resistance level at 31.00 region ( breakout above would signal bullish movement);
- Possibly on 3rd wave of Elliot impulse waves.
Conclusion: if price breaks above triangle and strong resistance level at 31.00 region, then bullish movement is confirmed.
Not financial advice, just my ideas. Let me know what you think.
- EMA 50 > EMA 200 ==> Golden Cross;
- EMA 200 acting as support at 22.50 region, also see increased volume;
- Strong resistance level at 31.00 region ( breakout above would signal bullish movement);
- Possibly on 3rd wave of Elliot impulse waves.
Conclusion: if price breaks above triangle and strong resistance level at 31.00 region, then bullish movement is confirmed.
Not financial advice, just my ideas. Let me know what you think.