The analysis presents a downtrend and a descending triangle pattern of Theta.
RSI is slightly above 50 that acted as a resistance level: we can expected a future continuation upwards
Keltner channel shows the price did not reach its upper boundary
MACD recently indicated a bullish confirmation as the MACD line > signal line. Moreover, MACD line is slightly below the zero line, meaning the market is being oversold and the price may move upwards
Position: LONG
Stop loss: $ 5.6075
Entry range: $ 5.7936 - $ 6.2279
Target range: $8.8958 - $ 9.4542
NO financial advice
RSI is slightly above 50 that acted as a resistance level: we can expected a future continuation upwards
Keltner channel shows the price did not reach its upper boundary
MACD recently indicated a bullish confirmation as the MACD line > signal line. Moreover, MACD line is slightly below the zero line, meaning the market is being oversold and the price may move upwards
Position: LONG
Stop loss: $ 5.6075
Entry range: $ 5.7936 - $ 6.2279
Target range: $8.8958 - $ 9.4542
NO financial advice
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