We have multiple signals coming out of this chart that support a bullish case.
Bullish = Green.
The first one is a volume breakout.
We have above-average volume today as prices break above EMA50.
The second one is a break above EMA50.
Trading below EMA50 = bearish trend.
Trading above EMA50 = bullish trend.
The third one is the RSI.
Strong.
We have two targets here.
One can be fast, short-term at 45% more or less.
The second one mid-term can be 180%...
More details on the chart.
Namaste.
Bullish = Green.
The first one is a volume breakout.
We have above-average volume today as prices break above EMA50.
The second one is a break above EMA50.
Trading below EMA50 = bearish trend.
Trading above EMA50 = bullish trend.
The third one is the RSI.
Strong.
We have two targets here.
One can be fast, short-term at 45% more or less.
The second one mid-term can be 180%...
More details on the chart.
Namaste.
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lamatrades.com —Since 2017
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