Looks like a retracement to 0.5 Fib level very probable explanation for a higher low. I don't like higher lows I can't find logical support for as they tend to not actually be a higher low.
Both
RSI and
Stoch RSI are looking ok for some more gains.
Stoch RSI looks like it could also be confirming a higher low. I am watching the listed Moving averages as departing to far from moving averages without a reversion to mean often turns into a really painful pull back. I think ideally understanding stop loss and hedging is important for that. Having a plan. Also if using a stop loss what are the odds of that exchange being hacked resulting in total loss of funds.
Comments