As the title says, we are currently hitting midpoint resistance of the the Reggression Trend channel. Although weaker than the tops and bottoms, this usually presents its's own support and resistance.
We already saw a nice volume spike and a spike on the 30 min chart in the CMF to confirm the breakout.
We will need to show more strength to overcome this area as well. Keep an eye on oscilators divergences
CMF not looking great but also not terrible.
OBV bee climbing steadily despite lower prices.
We just broke the 4 HR ichimoku cloud as well with a green forecast.
Looking prime to break out, but this is also where you can have your largest drops.
Manage your risk and trade safe. Will assess targets when that happens
We already saw a nice volume spike and a spike on the 30 min chart in the CMF to confirm the breakout.
We will need to show more strength to overcome this area as well. Keep an eye on oscilators divergences
CMF not looking great but also not terrible.
OBV bee climbing steadily despite lower prices.
We just broke the 4 HR ichimoku cloud as well with a green forecast.
Looking prime to break out, but this is also where you can have your largest drops.
Manage your risk and trade safe. Will assess targets when that happens