1.
- Dip into previously drawn out liquidity pool.
- High volume; double the 20 day average volume.
2.
-Dip onto expected bottom.
-Low volume on the bottom; less than 20 day average.
3.
-On initial bottom the RSI was oversold.
-On next low testing the support the RSI is trending upwards showing a divergence.
Looking forward:
-Price has been sitting around a short term resistance showing strength bouncing off the bottom.
-Another touch of support on even lower volume could be a great sign to begin an uptrend shortly.
-Also watching for a high volume breakout pulling back to previous resistance and establishing uptrend.
- Dip into previously drawn out liquidity pool.
- High volume; double the 20 day average volume.
2.
-Dip onto expected bottom.
-Low volume on the bottom; less than 20 day average.
3.
-On initial bottom the RSI was oversold.
-On next low testing the support the RSI is trending upwards showing a divergence.
Looking forward:
-Price has been sitting around a short term resistance showing strength bouncing off the bottom.
-Another touch of support on even lower volume could be a great sign to begin an uptrend shortly.
-Also watching for a high volume breakout pulling back to previous resistance and establishing uptrend.