CELH - Massive Bullish Divergence
For the past 6 months, a massive Bullish Divergence has been building.
The daily chart shows the price making lower lows, with momentum dissipating as the RSI and MACD both making higher highs.
For the first time in months there's a chance of a reversal as a higher low in price has been established. A higher, high would give confirmation of resolving this signal to the upside with a $98 target.
One could enter at a favourable risk/reward near the lows given the bullish divergence.
The daily chart shows the price making lower lows, with momentum dissipating as the RSI and MACD both making higher highs.
For the first time in months there's a chance of a reversal as a higher low in price has been established. A higher, high would give confirmation of resolving this signal to the upside with a $98 target.
One could enter at a favourable risk/reward near the lows given the bullish divergence.
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