Bullish Divergence on $ACE Could Be Bull Trap
If $ACE stays above 0.0843, we might see a reversal in the trend, and a retest of resistance at 0.1538.
Last candle is bearish, but the 10-bar trend is still bullish. SMA7 is above SMA25, indicating a potential reversal. Volume is rising.
A daily close under 0.0618 invalidates this setup.
Will $ACE bounce off near support or continue to sell off?
If $ACE stays above 0.0843, we might see a reversal in the trend, and a retest of resistance at 0.1538.
Last candle is bearish, but the 10-bar trend is still bullish. SMA7 is above SMA25, indicating a potential reversal. Volume is rising.
A daily close under 0.0618 invalidates this setup.
Will $ACE bounce off near support or continue to sell off?