Aggressive downtrend shown.
Bounce off major support and trendline @ 0.04500000
Showing momentum is .
Last week candle shows indecision, breakout expected.
Zooming in on our trend timeframe we see price is currently testing daily minor support. Price originally bounced from 0.04500000 only to hit major resistance @ 0.05700000. showing momentum is , a daily close above 0.05500000 activates trade.
Finally shifting over to our pattern timeframe we see price has a minor resistance @ 0.05300000, A 4hour close above this level activates our trade. showing momentum is . As this analysis is being written momentum is picking up.