StaFi (FIS) - bullish divergence

On the above 2-day chart price action has corrected 70% since February. A number of reasons now exist to consider a long position..

Firstly, was asked about my thoughts on this one. It is bullish. Here’s why:

1) Price action and RSI resistance breakouts.

2) Regular AND hidden bullish divergence, don’t often see that. 10 oscillators are currently printing positive divergence with price action. Latterly hidden bullish divergence is printing as 1) price action prints a higher low and 2) stochastic RSI prints a lower low.

3) Support and resistance. Look left, blue circles. Price action is on strong support.

4) The bull flag breakout. The flagpole measures a 220% return from current levels. Sound good?

Is it possible price action continues to fall? Sure.
Is it probable? no.

Ww

Type: trade
Risk: <2%
Timeframe for long: act now
Return: 2x

액티브 트레이드

코멘트:

Past resistance confirms support.

액티브 트레이드:

moon time

거래청산: 타겟 닿음:

220% accomplished. Easy money.

코멘트:

350%, where is the top?