Price is in a symmetrical triangle. EMA ribbon is working as support as price is bouncing off of it, also price is moving accordignly with RSI and MACD is showing weakness for bears. I expect price to breakout from the resistance line and once it does we would be entering a trade target the daily supply zone at $17.3.
Price is in a symmetrical triangle. EMA ribbon is working as support as price is bouncing off of it, also price is moving accordignly with RSI and MACD is showing weakness for bears. I expect price to breakout from the resistance line and once it does we would be entering a trade target the daily supply zone at $17.3.