Aggressive downtrend shown.
Bounce off major support and trendline @ 0.04500000
Stochastic RSI Showing momentum is bullish.
Last week candle shows indecision, bullish 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. Stochastic RSI showing momentum is bearish, 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. Stochastic RSI showing momentum is bullish. As this analysis is being written momentum is picking up.
