iEx - Broke downtrend for now, retest incoming
iEx broke the downtrend-line and bounced after retesting the support at this line.
I expect a retest of upper resistance at the 50% fib retracement level, then a pullback to the lower support line.
Good entry point is at the retest of the lower support if a clear bounce off can be observed or if it breaks through the downtrend-line.
I expect a retest of upper resistance at the 50% fib retracement level, then a pullback to the lower support line.
- RSI crossed and showing upwards
- MACD crossed and showing upwards
- Volume catched up during the pump
- market closed inside Bollinder Bands before pump and now seems to close above.
Good entry point is at the retest of the lower support if a clear bounce off can be observed or if it breaks through the downtrend-line.