TomoChain (TOMO) Resumes Uptrend, Next Target At 50%+

TomoChain (TOMOBTC) went on correction mode after peaking on the 13th of August.
Prices bounced perfectly at the 0.786 Fib. retracement support level.

We now have strong bullish action taking place...
Let's have a look:

1) 4 Consecutive green candles.
2) Increasing green/bull volume daily.
3) Very strong RSI.
4) The MACD is gaining momentum aiming higher. Still below zero but with plenty of room left for growth.
5) Prices moving back above EMA50 and EMA100.

All these signals are pointing to higher prices.

The next target is clearly marked on the chart with a magenta dashed line.

Thanks a lot for reading.

Namaste.

Kommentera:

Previous chart | Jul 3