Notice how the sellers are slowly losing steam. MACD is ascending, which will lead to an impulsive upward movement.
-The price needs to get back above the diagonal trend line and then continue its upward movement with good volume.
That will lead to the 50 EMA to cross the 200 EMA which will confirm the change in trend.
This is a good project t which always helps to know.
Wait for confirmation to buy in.
-The price needs to get back above the diagonal trend line and then continue its upward movement with good volume.
That will lead to the 50 EMA to cross the 200 EMA which will confirm the change in trend.
This is a good project t which always helps to know.
Wait for confirmation to buy in.
Comment:
4 hour chart already showing good volumes.