There's some pretty simple analysis that will show you that this is a time to long - you just have to draw your charts correct.
There have been 3 attempted breakouts of the recent channel, all of which have failed and brought us back into the channel. Each breakout is signaled by divergence on MACD & RSI, once the divergence is broken is a signal to initiate long position. We've seen both divergent channels broken after a failed attempted breakout. The first produced 24.98% in profit, the second 83.44% in profit.
We just received the signal to long again, couple this with a breakout of the short-term corrective channel and it becomes clear that now is the time to lock in that next set of profit.
There have been 3 attempted breakouts of the recent channel, all of which have failed and brought us back into the channel. Each breakout is signaled by divergence on MACD & RSI, once the divergence is broken is a signal to initiate long position. We've seen both divergent channels broken after a failed attempted breakout. The first produced 24.98% in profit, the second 83.44% in profit.
We just received the signal to long again, couple this with a breakout of the short-term corrective channel and it becomes clear that now is the time to lock in that next set of profit.