MACD shows a downturn at this point in time.
Do not buy until MACD show a positive divergence.
(Blue needs to cross over orange and be at bottom of cycle)
wait for break in descending triangle.
Look for a good entry point below the descending triangle. If it breaks support than disregard this analysis.
Short term: 1-3 days (sell)
mid term: +3 days (buy)
We could see some good movement in the next week
Do not buy until MACD show a positive divergence.
(Blue needs to cross over orange and be at bottom of cycle)
wait for break in descending triangle.
Look for a good entry point below the descending triangle. If it breaks support than disregard this analysis.
Short term: 1-3 days (sell)
mid term: +3 days (buy)
We could see some good movement in the next week