RISE has been following the bullish movement and will likely to continue doing so in the near future.
This is a 4h chart.
Buy zone - 9447
SL - 6821
Target 1 - 13966
***
Breakage of the trend-line might be a negative sign for a downward correction.
This is a 4h chart.
Buy zone - 9447
SL - 6821
Target 1 - 13966
***
Breakage of the trend-line might be a negative sign for a downward correction.
Handel aktiv:
Handel aktiv:
RISE is still in accumulation stage and we might expect a break out either way anytime soon.
Handel aktiv:
In the following hours we need to watch RISE closely.
RISE is giving us mixed signals on the 1 day chart all signals are very bearish, while on the 4h chart we may see a trend reversal, MACD and RSI are about to point north.
RISE also found a previous support levels from the previous run.
Another possibility is what we are seeing now is a falling wedge leading to a trend reversal (see the similar pattern in the previous run before the uptrend)
RISE is giving us mixed signals on the 1 day chart all signals are very bearish, while on the 4h chart we may see a trend reversal, MACD and RSI are about to point north.
RISE also found a previous support levels from the previous run.
Another possibility is what we are seeing now is a falling wedge leading to a trend reversal (see the similar pattern in the previous run before the uptrend)
Trade stängt: Stopp nått
Handel aktiv:
we bounced off of the resistance, it is likely that the trade will continue in a positive up trend.
I just wanted to add an expanded version of the whole picture, including previous resistance and support level.