Algo is looking to make a bullish rebound. On two previous occasions we saw the price in a downward 12345 wave while the RSI was reversing during the same time and the OBV was bottoming. We may see a similar event soon with the current wave in the 5th wave and will test the diagonal support (most probably with a wick). The RSI and OBV are showing similar structures as before.
Note: This is not financial advise. Please do your own research.
Note: This is not financial advise. Please do your own research.
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Looks like the 5th wave is done and the price is going up now. Expecting a huge green candle soon.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.