Following the previous analysis, I am now posting an analysis for the short term view.
We seem to have an inverse Head & shoulder pattern forming on the daily chart at the moment. Usually this is a bullish pattern that signals a trend reversal , especially when formed on longer time frames. On the MACD indicator we can also see a bullish divergence on the same time frame. Once the volumes will pick up, I would expect a breakout towards the $0.80 area had two attempts on being broken. I will not discount another re-test of the $0.44 - $0.46 area before take off once the inverse H&S completes.
Good luck!
We seem to have an inverse Head & shoulder pattern forming on the daily chart at the moment. Usually this is a bullish pattern that signals a trend reversal , especially when formed on longer time frames. On the MACD indicator we can also see a bullish divergence on the same time frame. Once the volumes will pick up, I would expect a breakout towards the $0.80 area had two attempts on being broken. I will not discount another re-test of the $0.44 - $0.46 area before take off once the inverse H&S completes.
Good luck!
İlgili yayınlar
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.
İlgili yayınlar
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.