HAPI/USD
Bullish Case
- Seem to have broken the downtrend resistance line
- Found new low at approx. $24.5
- MACD/Signal and Histogram reversing (Daily)
- RSI low
- Cipher B shows a strong reversal
Neutral/Bearish Case
- Strong Resistance at approx. $47.5 level shown by the VPVR
- Still have yet to test the 50MA on the daily, looks really steep still
Thoughts?
Bullish Case
- Seem to have broken the downtrend resistance line
- Found new low at approx. $24.5
- MACD/Signal and Histogram reversing (Daily)
- RSI low
- Cipher B shows a strong reversal
Neutral/Bearish Case
- Strong Resistance at approx. $47.5 level shown by the VPVR
- Still have yet to test the 50MA on the daily, looks really steep still
Thoughts?