Trade setup: Bullish breakout from Descending Triangle could be followed by price revisiting $6.00 resistance area. (set a price alert).Momentum turned bullish again (MACD crossover and RSI crossed above 50 centerline).
Trend: Neutral on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance: Nearest Support Zone is $4.00, then $3.00. The nearest Resistance Zone is $6.00, then $7.50.
Trend: Neutral on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance: Nearest Support Zone is $4.00, then $3.00. The nearest Resistance Zone is $6.00, then $7.50.