There are a confluence of indicators suggesting this pullback is reversing back to the upside.
I use the 30 minute chart to look for these indicators.
Double Bottom at the area of support from multi-month support trend line
There is a crossover of 50/200 M.A.'s
Stoch RSI reached oversold while price holds above the 200 M.A.
Higher High has been made and Higher Low is currently being tested.
Higher low looks to be forming within the FVG from the previous Higher High move.
I have big expectations from XCN within the next year. This is only the beginning.
I use the 30 minute chart to look for these indicators.
Double Bottom at the area of support from multi-month support trend line
There is a crossover of 50/200 M.A.'s
Stoch RSI reached oversold while price holds above the 200 M.A.
Higher High has been made and Higher Low is currently being tested.
Higher low looks to be forming within the FVG from the previous Higher High move.
I have big expectations from XCN within the next year. This is only the beginning.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.