BINANCE:STORMBTC is currently oversold, in a descending wedge on a support that is also the 61.8% retracement.
Bearish momentum is slowing down and didn't have any upward correction in a long time so I'm expecting an upward breakout out of the descending wedge.
Volume also dropped down a lot so it should change direction soon.
Bearish momentum is slowing down and didn't have any upward correction in a long time so I'm expecting an upward breakout out of the descending wedge.
Volume also dropped down a lot so it should change direction soon.
Yorum:
300 MA on 4h chart and 50 MA on 1D chart shows support in the same area + Regular Bullish Divergence