(1W Timeframe)
Several clues point at the same outcome: reversal trend and Bullrun incoming!
- We can see a break of the downtrend with higher lows that will invalidate the bear market if we can close this W with a higher high. Keep in mind that there's a big resistance zone (red zone) that could push the price down to the yellow zone.
- 50 ema already crossed the 200 ema (daily time frame)
- RSI increasing to almost overbought and getting out of the bear zone (30-50) to the upper part, hopefully, it'll stay above 50.
Several clues point at the same outcome: reversal trend and Bullrun incoming!
- We can see a break of the downtrend with higher lows that will invalidate the bear market if we can close this W with a higher high. Keep in mind that there's a big resistance zone (red zone) that could push the price down to the yellow zone.
- 50 ema already crossed the 200 ema (daily time frame)
- RSI increasing to almost overbought and getting out of the bear zone (30-50) to the upper part, hopefully, it'll stay above 50.