This trend line had several touches in the past.
Does it hold this time?
We have bullish divergences both on the MACD histogram and RSI.
Price is sitting on a quite strong support.
(A bullish crossover on MACD may happen soon)
So my bet goes on the idea that this is just a false breakout and we'll go back above the trend line soon.
Does it hold this time?
We have bullish divergences both on the MACD histogram and RSI.
Price is sitting on a quite strong support.
(A bullish crossover on MACD may happen soon)
So my bet goes on the idea that this is just a false breakout and we'll go back above the trend line soon.