On the 4hr chart we've created a nice Bullish Pennant, but we need confirmation before setting a trade up. As we enter Wednesday morning we will begin to get an idea of the path we will be heading into the week.
If we are able to break above the Pennant pattern we may head towards .005 nearing Thursday afternoon, with that being said now would be a solid Buying...
Here we see that we've been in a slight wedge pattern running along this resistance, if you also take a look at the RSI we've been in a slight sell-off which is actually a strong Bullish indicator.
We've been in a sell-off but have stayed fairly steady along this resistance, once we get the Volume back up we will be in a nice Uptrend. If we do get a pullback we...
If you take a look at the RSI we were actually being oversold as we rode along this resistance which is a Very Bullish indicator. To go along with that we broke above the downward trending line which also indicates we may see another push too .0054+ moving into mid Monday.
If we do break below this resistance we could fall too .0043 or down too .0041, this would...
The RSI Indicating a Uptrend may happen through the weekend. We see a Triple Bottom has been created as we are approaching the end of this wedge pattern.
Also we are riding above this resistance & may see a slight pullback before sending us upwards of .0054 as we get closer to Monday.
If we do fall below this resistance .0041 may be our next price target to...
Here is the Daily chart, if you take a look at the RSI it shows a large Cup patter. Which you see I have drawn out here, I do believe we will continue on this Uptrend moving towards the beginning of September.
I do believe well have 2 or 3 more green days before we see some type of bull back to cool off for a nice entry point.
It's a matter of time before we...
The RSI showing us coming fresh off a Head & Shoulders which most of you may already know it typically leads too a spike in said direction. Which for us is very Bullish.
