Weekly RSI bullish divergence plus break-out above the downtrend line. Still in the accumulative zone and previous week closed TD5 Downtrend and this week on TD1 Uptrend. Moving Average Convergence Divergence (MACD) indicator also showing bullish divergence and crossed to bull mode. Overall this looks like a great entry and if it goes lower even better to scale in longterm.
It also appears to have completed 3 down waves in a falling wedge or downtrend channel.
Please like and comment if you agree or have a different view!
Good to go, happy trading. -TheTrex
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My old entry-level idea, which price entered nicely and is still in the accumulation zone (in green)!
possibly man but you have been saying this for a while now.lol..hopefully it bounces soon
TheTrex
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@FiddyPipchrisA, I have been saying for a while buy while it is at the listing price and it nicely came down to the listing price. I want to give an overview of where to buy early when the price has not yet reached it and not when it's already taking off.
Chartguru1
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@TheTrex, I think u were tad early. Pounce on it here. Tlry beast mode soon