Oversold.
Great time to add to a position or take a starter for the short time these levels are likely to last.
Evidence of oversold: Current price is 1 tick below the bollinger band, -204 on CCI, RSI hovering right over 30, and we are essentially at the lowest point since late February.
Bullish reversal signs: A/D is still high and in an overall rising trend. MACD is crossed and on the verge of crossing the zero line. Bollinger Bands are tight.
Resistance to look for: .0028, .0030, and .0037
Remember, we are still on the outskirts of summer OTC, so when things pick up for the weed sector in the later fall, expect this one to be on the top of the food chain.
All imo, goodluck trading all! -WhaleX
Great time to add to a position or take a starter for the short time these levels are likely to last.
Evidence of oversold: Current price is 1 tick below the bollinger band, -204 on CCI, RSI hovering right over 30, and we are essentially at the lowest point since late February.
Bullish reversal signs: A/D is still high and in an overall rising trend. MACD is crossed and on the verge of crossing the zero line. Bollinger Bands are tight.
Resistance to look for: .0028, .0030, and .0037
Remember, we are still on the outskirts of summer OTC, so when things pick up for the weed sector in the later fall, expect this one to be on the top of the food chain.
All imo, goodluck trading all! -WhaleX