Inverse Head and shoulder is sighted in chart and already poise to break out soon..
price action above EMA line which is a bullish sign
Indicator :
DMI :
DMI+ seems to fall off for a while DMI- is still in downward movement which is still good atleast for the bull for no pressure from seller. DMX is rising indicate a support for current momentum which is for a bull side.
MACD : although buyers volume beginning to show weakness. there's no divergence is sighted as the indicator it self made a higher high than the previous high along side with price action movement.
volume MA : neutral
EMA line almost made a golden cross Also for 1 day chart in near term which is bullish in my opinion.
For MACD as well. minor seller volume is beginning to shift into buyer volume, MACD EMA is almost do a crossing which create a signal buy.
from DMI :
DMI+ is currently is weaken also DMI- is still below DMI+ which is indicate bullish trend still in charge as momentum is being build up as DMX/strenght of momentum still above 25 level just flat lining. waiting for major buy volume to increase the DMX level to upside.
Volume MA : is increasing from last 10 day which is a good sign again for bull trend.
If, there's something goes wrong way, i expect 200 + 50 + 20 EMA as support along side with 0.236 fib as a support/consolidation price action around $0.127 - $0.121 .
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section as i like to hear a new things to learn from you too..
peace.
price action above EMA line which is a bullish sign
Indicator :
DMI :
DMI+ seems to fall off for a while DMI- is still in downward movement which is still good atleast for the bull for no pressure from seller. DMX is rising indicate a support for current momentum which is for a bull side.
MACD : although buyers volume beginning to show weakness. there's no divergence is sighted as the indicator it self made a higher high than the previous high along side with price action movement.
volume MA : neutral
EMA line almost made a golden cross Also for 1 day chart in near term which is bullish in my opinion.
For MACD as well. minor seller volume is beginning to shift into buyer volume, MACD EMA is almost do a crossing which create a signal buy.
from DMI :
DMI+ is currently is weaken also DMI- is still below DMI+ which is indicate bullish trend still in charge as momentum is being build up as DMX/strenght of momentum still above 25 level just flat lining. waiting for major buy volume to increase the DMX level to upside.
Volume MA : is increasing from last 10 day which is a good sign again for bull trend.
If, there's something goes wrong way, i expect 200 + 50 + 20 EMA as support along side with 0.236 fib as a support/consolidation price action around $0.127 - $0.121 .
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section as i like to hear a new things to learn from you too..
peace.