IOPBTC was fun little chart to look into. Looking at the 2H, we can see that it is testing the Resistance (blue channel) and the Support (fib retracement level) and the SAME TIME.
The reason why I am saying the uptrend will continue is because after looking at CCI and MACD indicators, there are no real big divergences. We'll see it keep testing the resistance/support. Let's see which one wins out. However, I'm feeling optimistic for it to beat out the resistance.
Please note that I'm thinking uptrend will continue but we will see pullback before the uptrend continues. Look for a good entry around the support #2 area.
ATTICAAAAAAAAAAAAA!
The reason why I am saying the uptrend will continue is because after looking at CCI and MACD indicators, there are no real big divergences. We'll see it keep testing the resistance/support. Let's see which one wins out. However, I'm feeling optimistic for it to beat out the resistance.
Please note that I'm thinking uptrend will continue but we will see pullback before the uptrend continues. Look for a good entry around the support #2 area.
ATTICAAAAAAAAAAAAA!
Comment:
Support and resistance lines looking solid. :) happy trading.
Trade active:
Confirmed! Passed resistance.
Comment:
Please note the take profit zones.
Please note the take profit zones.
Trade closed: target reached:
TP1 Reached.
Playing it safe. Divergence on MACD and CCI.
Playing it safe. Divergence on MACD and CCI.