$NBEV New Age Beverages Corp., Price Is Ranging On Daily Chart, And Has Created Bullish Pattern On 30 Min Chart, Possibility That Price Will Revisit Current Support At $1.48 And Might Continue Early Up-Trend

Both ADX(14) and RSI(14) confirm that price is ranging on Daily time-frame. Also the volume has not increased significantly.

Daily chart of $NBEV

However there is possibility that price is starting the early uptrend then first buyers are stepping in. The price has created bullish pattern when price reached higher high, but RSI(14) failed make new high, and the price has formed lower high, while RSI(14) formed lower low. Current support is around $1.48. Low risk – high reward entry is below this price.

30 minute chart of $NBEV