Long
ALGO: break out imminent !!
The break out is imminent (days not weeks).
End of a 2 year long bullish descending wedge. Price is touting the resistance for 2 months now !
Strong positive divergence on the RSI (green line).
Historic Volatility COMPRESSION !! At the same time that volatility is reaching the end of the funnel, price is trying to break out !!
RESOLUTION is IMMINENT !!
End of a 2 year long bullish descending wedge. Price is touting the resistance for 2 months now !
Strong positive divergence on the RSI (green line).
Historic Volatility COMPRESSION !! At the same time that volatility is reaching the end of the funnel, price is trying to break out !!
RESOLUTION is IMMINENT !!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.