DUFU Double Bottom, Bullish
Time Frame: 4H
Sentiment: Overbought
Forecast: Bullish
We can see a strong support and buying momentum around 1.6-1.8, selling power is weak.
Bar price action and the volume, showing buyers' power increase.
Broke the resistant level 1.86.
Heading to 2.13 & the next resistant around 2.2 - 2.4.
Write your thought in the comment session :)
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like my works? Please hit the Like, Follow and Share or tip me a coin :)
Thanks!
Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
Sentiment: Overbought
Forecast: Bullish
We can see a strong support and buying momentum around 1.6-1.8, selling power is weak.
Bar price action and the volume, showing buyers' power increase.
Broke the resistant level 1.86.
Heading to 2.13 & the next resistant around 2.2 - 2.4.
Write your thought in the comment session :)
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like my works? Please hit the Like, Follow and Share or tip me a coin :)
Thanks!
Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.