Price broke above Triangle chart pattern in the previous trading session, which could be a hint of a bullish price trend ahead. Conversion and Base lines remain in a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD has bullish crossover and is moving higher, hinting at a bullish price trend. If price can above the Triangle chart pattern, we are likely to see a rally to the Triangle chart pattern price target at $2.40 in the next 2-3 weeks.
Outlook Price broke above the cloud on 1 June 2020 and has stayed above the cloud since that day. Twice during the correction price dipped into the cloud but on both occasions price was able to stay above the cloud, maintaining the bullish trend. We saw a strong candlestick yesterday as well as a bullish Engulfing candlestick price pattern. This candlestick price pattern is hinting of a price rally ahead. This could also be a sign the current correction could have ended and price is about to start a bullish trend again. Conversion and Base lines had a bullish crossover yesterday, confirming the bullish trend. Lagging Span is at price of 26 days ago and is above the cloud at the moment, confirming the bullish trend. MACD is bullish. Both of MACD lines are above the zero line, hinting of a bullish trend. There was also a bullish MACD crossover as well. We expect price to move higher to the previous high of $1.65.
Outlook Price broke above the cloud yesterday and this could be the start of a new trend. Two days ago, while price was moving through the cloud, there was a strong white candle, hinting of a strong price move. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Both Conversion and Base lines are pointing up and both their slope are steep, which is a hint of a strong bullish trend. Lagging Span confirms the bullish trend as well. Lagging Span is above price of 26 days ago but is currently just below the cloud.. MACD is turning up and both its lines are above the zero line.
Outlook Price broke above the cloud yesterday with a strong white candlestick and this could be the start of a new bullish trend. Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend. Both Conversion and Base lines are pointing up and both their slope are steep, which is a hint of a strong bullish trend. Lagging Span confirms the bullish trend as well. Lagging Span is above price of 26 days ago but is currently inside the cloud. MACD is pointing up and both its lines are above the zero line.
Outlook Price is currently at the lower edge of the cloud. Price has been capped on three occasions at a price resistance high at $1.30. Both Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend but price is weak as it is below the cloud, Conversion line and below the Base line. Lagging Span is above price of 26 days ago but is still below the cloud at the moment. If price is unable to move above the cloud, price could be heading lower to $1.09 again. MACD is bearish at the moment with both its lines below the zero line. MACD could be about to turn lower as well.
Outlook Price broke through the cloud recently and managed to stay above the cloud. Price also moved above the recent high and this breakout could be the start of a new uptrend. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Price is also above the Conversion line, Base line and the cloud as well. Lagging Span is above price of 26 days ago but is still below the cloud at the moment. MACD is bullish with both its lines above the zero line. MACD is moving higher and is hinting of more price upsides.
Price moved and closed
below the cloud yesterday, triggering a possible sell signal. Both Conversion
and Base lines had a bearish crossover earlier on, confirming the bearish
trend. Lagging Span is below price of 26 periods ago but is currently also
inside the cloud. Just before price dropped below the cloud, a price rally was
halted by the Base line while inside the cloud. The Base line, together with
the price high of at $1.79, is likely to form a strong resistance zone at
$1.78-1.79. The thick cloud is also likely to provide strong resistance. MACD
is still bearish and the faster line had reached the zero line and could be
turning down. If it turns lower, there could be a bearish MACD crossover signal
as well. Together, there are many bearish signals warning of a bearish trend
ahead.
Outlook Price broke out of an Ichimoku V structure above $2.05 and the V price projection gives this move a price target of $2.29. If price were to break above $2.22, out of another bigger Ichimoku V structure, the price target is at $2.63. Although Conversion and Bases line have yet to have a bullish crossover, Conversion line is moving closer to Base line and there should be a bullish crossover in the next couple of days if price continues to move higher. MACD has yet to turn bullish but the slow line is now very close to the zero line and a change to a MACD bullish trend should be close at hand. MACD’s faster line has crossed over the slower line, giving us a bullish signal as well. MACD is also moving up and there was an earlier bullish divergence warning of a possible price bottom.
