best of luck! for any inquires leave a comment below.
So far 200 support is holding as mentioned.. but things are not looking good in the long run.. but looks like we might give the 20EMA another test before dropping again.. like i mentioned earlier as well
I see a test of 220 to 225 coming up, with an expected reversal. Reasons are, an ascending triangle and rejections from 20 EMA over and over again.
But, I know this looks really lousy, but this could be a bullish divergence forming...
RSI has been following a certain line, and a lower low of price has been made with higher high of RSi. to sum up, im opening a long position and pushing my SL up as we go into the ascending triangle :)