Expecting price to test .78 again, as long as price remains upside .68, which is an area I would expect price retracing to, before going up.
Price going back upside .73 and maintaining showing sign of strength, would be a good sign that we are moving again toward .78-.80 + Price just left it's reaccumulating cycle, which is now on the step of testing it, making sure demand is maintained.
Going back under .63 would make look for price to test again .57
Would not look for long term sell unless we break under .57 on heavy maintained supply supply.
4hours
Daily
Weekly
Price going back upside .73 and maintaining showing sign of strength, would be a good sign that we are moving again toward .78-.80 + Price just left it's reaccumulating cycle, which is now on the step of testing it, making sure demand is maintained.
Going back under .63 would make look for price to test again .57
Would not look for long term sell unless we break under .57 on heavy maintained supply supply.
4hours
Daily
Weekly
Comment:
entered re-accumulation right after accumulation
Comment:
entering re-accumulation right after accumulating was a sign that selling is emerging again, and demand have to work it. As mentioned, price going under .56-.57 would make me look for sell positions.