IOTXUSD COINBASE 4H: Possible bullish divergence
As above.
At 0.786 Fib level of support from local ATH.
Still in overall price down trend like rest of ALT market but looks like some MACD bullish divergence forming on 4H.
Watch for crossing of 50 and 350 Hull MA (area of interest outlined in red circle above), Madrid Ribbon crossing into green again, and MACD crossing into positive territory for possible start of new uptrend.
Will follow.
Good luck traders!
At 0.786 Fib level of support from local ATH.
Still in overall price down trend like rest of ALT market but looks like some MACD bullish divergence forming on 4H.
Watch for crossing of 50 and 350 Hull MA (area of interest outlined in red circle above), Madrid Ribbon crossing into green again, and MACD crossing into positive territory for possible start of new uptrend.
Will follow.
Good luck traders!
Comment:
Just like a Jack in a box. BOOM UP IT GOES! Well, just briefly that is.
Comment:
1D chart also looking like nice possible set up for uptrend. Will follow.
Comment:
Lets go! Volume ticking up. Need to get over that 0.19 local resistance