$Algo:
1. Price resting comfortably above the 55 Day EMA on 4Hr
2. Sitting within an accumulation phase after nice run during previous 3 days.
3. Moderately elevated RSI
I could see it touching it's 99 day EMA & top of ICH cloud (1 HR chart), before a nice bounce next week - Have a buy order set in the $.425 price range.
As always, do your own research and don't trade based solely on anyone's advice (especially mine!). Feel free to leave a comment below...always interested in sharing ideas.
1. Price resting comfortably above the 55 Day EMA on 4Hr
2. Sitting within an accumulation phase after nice run during previous 3 days.
3. Moderately elevated RSI
I could see it touching it's 99 day EMA & top of ICH cloud (1 HR chart), before a nice bounce next week - Have a buy order set in the $.425 price range.
As always, do your own research and don't trade based solely on anyone's advice (especially mine!). Feel free to leave a comment below...always interested in sharing ideas.