Simple setup:
Almost 100% retracement from last peak.
Price at the bottom of the channel and bottom of BBands.
Price close to the floor/strong resistance, but up-trending and developing higher highs and higher lows.
Bullish divergence on both RSI and MACD indicate an incoming movement upwards.
If develops enough momentum, it could reach higher targets, or perhaps a new ATH.
Almost 100% retracement from last peak.
Price at the bottom of the channel and bottom of BBands.
Price close to the floor/strong resistance, but up-trending and developing higher highs and higher lows.
Bullish divergence on both RSI and MACD indicate an incoming movement upwards.
If develops enough momentum, it could reach higher targets, or perhaps a new ATH.