- Currently it'strying to consolidating on nearest fibonacci line acting as a support for now. check the chart for detail.
- Broke one of those fibs line result a break up or down in price. Meanwhile, i expect a consolidation between fibonacci line before it decide which trend it would be.
- a bullish divergence is sighted on macd clearly, also a spike of buyer strength for current price action from DMI, Stochastic is still pointing upward.
Indicators :
MACD : a bullish divergence between the buyer histogram and price action. also the macd line also made a higher low and ready to retest to get above 0 line.
DMI : -DI is closing with +DI indicate there's a struggle from buyer side to change this asset trend yet not confirmed yet until it crosses. ADX above 25 indicate a strong movement for current trend which is bearish for now but it could change once +DI crosses -DI on a quick pace.
Stochastic RSI : Stochastic RSI indicate a short up momentum as the stochastic rsi moving up to enter bullish area above 40.
- Broke one of those fibs line result a break up or down in price. Meanwhile, i expect a consolidation between fibonacci line before it decide which trend it would be.
- a bullish divergence is sighted on macd clearly, also a spike of buyer strength for current price action from DMI, Stochastic is still pointing upward.
Indicators :
MACD : a bullish divergence between the buyer histogram and price action. also the macd line also made a higher low and ready to retest to get above 0 line.
DMI : -DI is closing with +DI indicate there's a struggle from buyer side to change this asset trend yet not confirmed yet until it crosses. ADX above 25 indicate a strong movement for current trend which is bearish for now but it could change once +DI crosses -DI on a quick pace.
Stochastic RSI : Stochastic RSI indicate a short up momentum as the stochastic rsi moving up to enter bullish area above 40.