Ascending triangle
Trading above 50 EMA
Momentum increasing on stochastic, RSI and MACD
MACD showing uptrend
Orange lines showing regular divergence - loss of momentum leading to false breakout (reversal)
Yellow lines showing hidden divergence - continuation of uptrend
Currently no sign of reversal (regular divergence)
Wait and see if price can breakout on increased volume
Selling absorbed at support indicating a reversal for long entry.
Possible target price is 0.18
Moving trend line down trend intercept support
Waiting for price action to confirm reaction to break up
Still bearish but bullish momentum could break the down trend
Use you trading strategy to confirm the bias
