Hidden bullish divergence going back to July '17.
Adam & Eve bottom testing an old support in this area.
Consider that there are a lot of eyes looking at the price of this asset right now, any hint of a recovery here will have that money on the sidelines follow through.
Once this little rally is over we will come back to test the 200MA again.
Conclusion: Bear trap here will take us into a bull trap later.
Adam & Eve bottom testing an old support in this area.
Consider that there are a lot of eyes looking at the price of this asset right now, any hint of a recovery here will have that money on the sidelines follow through.
Once this little rally is over we will come back to test the 200MA again.
Conclusion: Bear trap here will take us into a bull trap later.
Comment:
LMAO!
I this breaks to the upside it will go very quickly.