UBQ 4 HOUR TIME FRAME BULLISH TREND REVERSAL. Los Angeles 11:44AM
Looking at a trend reversal on the 4 hour time frame. RSI and MACD both showing bullish divergence from the price action. RSI is also above the 50 and Macd is about to cross over the 0 line. Fibb lines are added to create a estimated profit target. I wouldn't depend on the profit targets but rather rely on the trend reversal signs from RSI and Macd.
1 Day chart is showing bounce at the 30 RSI and headed upwards break of the bearish 40. RSI is also showing price convergence to the upside. I would take a look at all the alt coins as it is a ripe time to be investing in a lot of them.
Looking at a trend reversal on the 4 hour time frame. RSI and MACD both showing bullish divergence from the price action. RSI is also above the 50 and Macd is about to cross over the 0 line. Fibb lines are added to create a estimated profit target. I wouldn't depend on the profit targets but rather rely on the trend reversal signs from RSI and Macd.
1 Day chart is showing bounce at the 30 RSI and headed upwards break of the bearish 40. RSI is also showing price convergence to the upside. I would take a look at all the alt coins as it is a ripe time to be investing in a lot of them.
Comment:
Scrap the target profits on this one.
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