Beam vs USD - Bullish divergence

Following a 65% correction from the August highs the 2-day chart above shows price action has returned to the lows in March. A month long bullish divergence (orange lines) is now evident between Stochastic RSI and price action, a great indication of a move to the upside.

Lastly the weekly chart below printed a candle with a long wick and a higher closing price following the sell off. Very bullish.

1st target 43% from current levels.

Yorum:

The inverted hammer candlestick on the 10-day chart just printed - we can now sit back and look forward to upside from here on. The Definition if you're not familiar:

"The inverted hammer candle has a small real body, an extended upper wick and little or no lower wick. It appears at the bottom of a downtrend and signals a potential bullish reversal."

We can also see a larger regular bullish divergence on this 10-day chart with this new candle - very exciting.

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I don't think it can look any better than this if you're sitting on the sidelines.

Higher low in price action as Stochastic RSI crosses 20 - An excellent bullish signal.

Also we have an almost 40-day bullish divergence on the Bitcoin chart.

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The weekly candle for last week closed with strong buying pressure and Stochastic RSI showing increasing momentum. Fantastic.

Yorum:

Can't be bothered with a new idea... something special is about to happen.