Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Bollinger Band working as short term resistance. If it holds on Monday price may continue act bullish. However, the BB MA and 5 period WMA are approaching, the Parabolic SAR has flipped, and the Stochastic descends, would indicate bear run approaching. Lower BB or long term WMA (60) may act as new resistance.
I thought this UK dividend payer might have bottomed around the 400 mark earlier in the year but I was wrong. However, a possible completed 5 wave EW count, the recent bounce on the fib 78.6 and some bullish RSI divergence has me a bit more positive that we might see some decent upside here.
The stock price is still in the hunt for 50-DMA seen today at 456 levels. Bullish invalidation is seen only below 430 levels. The RSI is still sloping higher and still short of the overbought territory.... thus shows room for a rally.