Looking at the 4hr, we can see a bullish divergence on the RSI when comparing the last two lows. Highs and lows should coincide on the RSI, but we can see the price low on the 25th doesn't result in a new RSI low, signaling a bullish divergence. How long this lasts, is up in the air. I also see the MACD slow/fast about to touch, a good buy signal if they do. Be on the lookout during these next few hours, as this could be the start of the upswing on the RS of the Inverted H&S everyone is seeing.
Kommentera:
Just broke out of the wedge. Let's see if things hold. Volume is so far confirming the break upwards.