* break in the middle of March.
* breakout in the middle of April.
* breakdown in the middle of June.
1st thing to look for is the the break of downward trending vilet RSI line -> stabilization of the price, might range over time (short to mid term).
Bullishness will again be confirmed by the break of red RSI line.
Remember to use RSI as a momentum indicator. Overbought does not mean the price will drop and vice versa.
* breakout in the middle of April.
* breakdown in the middle of June.
1st thing to look for is the the break of downward trending vilet RSI line -> stabilization of the price, might range over time (short to mid term).
Bullishness will again be confirmed by the break of red RSI line.
Remember to use RSI as a momentum indicator. Overbought does not mean the price will drop and vice versa.
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Stay vigilant in the blue highlighted area then!
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Here's the idea.
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Also, take a look at this one backtest line I found.
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Bull-run IF we stay above the red line.
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IF price closes above 2954,23 -> we go up.