the chart has been in a nice uptrend recently and will continue up to the 30th with FOMO IMO
red was my buy zones which were made based on previous prices (been watching this on and off since December anything under 10 seemed a bargain)
Macd on the Daily chart has now turned green, with the 1hr slowly following (rsi also nice)
I would take profits near or...
Mfi positive divergence forming, soon the share price will follow, aroon is definitely going to flip tomorrow so look out for a sudden rise and then we should expect a good run over the coming days.
Chart still progressing in line with expectations, macd now looking bullish and we have definitely broken above the upper trend line now, the aroon should flip soon and then it’s off to 20pps
Confirmation of a breakout above the range detailed earlier is encouraging, combine this with the aroon crossover progressing as expected means we are on track for a 20pps rally. Confidence now sits at 90% based on the chart. I have left the previous lines on to show that this is conforming to the chart pattern I have detailed
If amigo holds itself within the trend lines we should see a flip of the aroon and a correction bounce of the mfi. This should result in an attack on 20pps.
A drop below the trend line will bring a bearish downward trend potentially reaching 10pps.
The overall assumption here is that we will see a strong rally with a 85% probability of 20pps within 3 trading sessions.
it seems that the selloff is over and we will have an up trend
a clear impulsive wave can be seen. just wait to the correction to get over and then you can buy
I am not a indicator trader and I never use them in Forex or any other big market but to be honest for penny markets indicators work better than Elliot wave. I usually use basic Elliot concept + Indicators to trade penny.
This one shows some good volume and also the price close above the T-Line( 8ema) and 50 day sma
Keep it going as long you see a sell signal...
