The price bounced from 45.00 support level. RSI confirms the price reversal. MACD histogram supports a possible upward movement.
We have a trend reversal signal based on a bullish divergence. It is possible to buy based on this signal, but it will be better to wait for a breakout above the main downtrend line. If the price can move above the trend line and SMA100, it will give us another bullish signal. This trade will be good if you want to catch a new uptrend movement.
We have a trend reversal signal based on a bullish divergence. It is possible to buy based on this signal, but it will be better to wait for a breakout above the main downtrend line. If the price can move above the trend line and SMA100, it will give us another bullish signal. This trade will be good if you want to catch a new uptrend movement.
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