We have quite a few signals to look at here, but the interesting one is the broken downtrend line (red).
The breakout will be confirmed when today's candle closes.
- Bounce from oversold , which is a strong signal. These coins don't like oversold, as soon as they get there they like to move back up.
- The divegence on the started back in March, that's a very strong buy signal in general for the long term.
- The is super and the is showing plenty of room available for growth.
This can be a good buy, maybe I can trade this coin.
Note: This is an educational post.
You can spot some other signals that are developing by looking at the 4h, 8h and 12h time frames. Also the weekly chart can give us lots of good information.
Use this information to your advantage, but know that you are responsible for your actions, for your trades, no matter who it is that you read.
Thanks again for taking the time to be with me.
I am happy for being alive... I am always grateful no matter what happens in the world I live...
- If this last candle closes above $42, this is a good strong signal which can lead to further growth.
Yellow at the bottom is the volume MA20 line.
Brown line is the EMA200.