COFFEED looking bullish
COFFEED has been forming a cup pattern or rounding the bottom with higher highs and higher lows.
You can observe buying volume in the last few sessions.
The daily and weekly RSI are above 60, and the monthly is nearing 60. This indicates a potential upside move.
It is trading near its neckline. If it breaks the trend line and retraces near it, it would be an entry point and can enter the trade for risk to reward ratio 1:3.
You can observe buying volume in the last few sessions.
The daily and weekly RSI are above 60, and the monthly is nearing 60. This indicates a potential upside move.
It is trading near its neckline. If it breaks the trend line and retraces near it, it would be an entry point and can enter the trade for risk to reward ratio 1:3.
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