Hi, guys, this is my first contribution to this community. I just started learning Technical Analysis not long ago, I am studying TA using Technical Analysis of Financial Markets. The current EMA 200 on the daily chart is rising and is about to converge with the price. As you can see on the red dotted line, which is basically an extrapolation of the EMA 200 with the same slope. Now the price is moving in between the 59.368 resistance level and 53.031 support level. currently, as we can see, the EMA 200 is approaching to the support 53.031. I personally believe this will become a very strong support level since both 53.031 support and EMA 200 will provide support. As you move toward the left of the chart, you can see, there are couple incidences in the past . The price bounce off the EMA 200 with substantial gain and none of them penetrate below EMA 200 before the rebound. This time with the EMA 200 higher than before. If the price successfully bounce off the EMA with enough "momentum," we might be able to break thru the 77 price level and reach a new height. What is your thought?