Looks to be converging into the crosshairs of both a bullish downtrend and a very long term support
touches on this support have previously meant good reversals. we also have
- Bullish RSI trend
- Increasing volume
calling trig because its looking very nice now.
MACD turning up and slight convergence is evident,
CCI showing bullish trend with higher highs and higher lows
VOLUME INCREASING
bouncing off the long term 786 fib
about to cross and close over long term support
has a great trend of touching bottom of bollinger bands and bouncing to top on a slight bullish trend
recenty touched the bottom of bollinger bands, top of bollinger looking bullish
CCI looks good
MACD not great but turning in
VOLUME INCREASING
Looking at 1 hr candles, we seem to have brief support which also nicely lines up with the 786 fib line. hopefully we can stay above it to prolong the support and bounce
double wick under support, could bounce and hopefully close over the trend line. if close over, wait for direction of next candle and check volume on exchange for good indicator of continued direction
support also nicely lines up with 618 fib (drawn bottom to top as reentry)
Stoch RSI converging and CCI turning
MACD nearing bottom of run, Stoch RSI and CCI both at bottom
found a decent little resistance line and volume appears to be increasing
hoping for an easy 5-10% if we get a bounce
MACD converging to the downside but the rate has slowed
CCI looking bullish over the channel timeframe
StochRSI could be converging
...but Vol decreasing
