Price caught a bid above the daily 200EMA on bullish divergence. It’s possible a triangle is forming for wave IV.
Price is stuck between the breakout upper-boundary and mean support, its hard to decipher the next direction as it stands. A breakout above the line could see it rally to $25 while back below wave IV would test the 200EMA.
📈 Daily RSI had confirmed bullish divergence but not from oversold
👉 Continued upside will invalidate this analysis.
Safe trading
Price is stuck between the breakout upper-boundary and mean support, its hard to decipher the next direction as it stands. A breakout above the line could see it rally to $25 while back below wave IV would test the 200EMA.
📈 Daily RSI had confirmed bullish divergence but not from oversold
👉 Continued upside will invalidate this analysis.
Safe trading
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