* Trend: KITE is still inside a descending channel, so the overall trend is not fully bullish yet.
* Current setup: Price is approaching the upper channel resistance.
* Momentum: RSI is rising and is around the mid-60s, showing improving buying momentum.
* Bullish confirmation: I’d want to see a daily close above the channel, followed by a successful retest.
* If rejected: A pullback is possible before another attempt higher.
Bottom line: The setup is interesting for an upside move, but price is currently at an important resistance area. I’d prefer breakout confirmation or a clean retest rather than chasing the move.
* Current setup: Price is approaching the upper channel resistance.
* Momentum: RSI is rising and is around the mid-60s, showing improving buying momentum.
* Bullish confirmation: I’d want to see a daily close above the channel, followed by a successful retest.
* If rejected: A pullback is possible before another attempt higher.
Bottom line: The setup is interesting for an upside move, but price is currently at an important resistance area. I’d prefer breakout confirmation or a clean retest rather than chasing the move.
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.