WEEKLY:
-MACD lost momentum and we had a tick down (bearish)
-RSI did a higher low next step would be looking for a higher high (bullish)
-10WMA preparing to cross 20WMA (bullish)
-checking if price manages to flip 50WMA from resistance to support and if it can continue to create a higher high
- still in an accumulation range and one should look for a break and retest of the range (bullish)
-VOLUME is very low which is bearish
There is no upcoming event but it seems ready for a move, hopefully in the upper direction..
Tools
EMA's 8/13/21/55 (scalp)
MA's 10/20/50/100/200 (swing trade)
RSI , MACD , VOLUME , FIBONACCI,DIVERGENCE
STANDARD PIVOTS , CANDLES, TRENDLINES
-MACD lost momentum and we had a tick down (bearish)
-RSI did a higher low next step would be looking for a higher high (bullish)
-10WMA preparing to cross 20WMA (bullish)
-checking if price manages to flip 50WMA from resistance to support and if it can continue to create a higher high
- still in an accumulation range and one should look for a break and retest of the range (bullish)
-VOLUME is very low which is bearish
There is no upcoming event but it seems ready for a move, hopefully in the upper direction..
Tools
EMA's 8/13/21/55 (scalp)
MA's 10/20/50/100/200 (swing trade)
RSI , MACD , VOLUME , FIBONACCI,DIVERGENCE
STANDARD PIVOTS , CANDLES, TRENDLINES