Indicators :
DMI+ manage to get above DMI- indicate bull trend is begin to emerge while the range in between still close enough. cannot confirm which trend is currently dominate until either DMI- (red line/bearish) or DMI+ (green line/bullish) is get above one of DMI line and made a huge range in between . DMX still low.
MACD : small buy histogram is emerge as is still weak currently. Macd line is already cross over and ready to enter bullish area (above 0)..
the previous up trendline is now become a potential resistance. if the price action manage to get above it and manage to close above the trendline. i cannot say it's a start a bullish trend as the price action still below 200 EMA line. The price action also have to get above 200 EMA line and stay above it to confirm a bullish trend is confirm.
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
Trade closed: target reached:
it's been fun shorting this asset.. in the short future i will change my bias toward a this asset still have probability to drop for more but i wont risk it since this price already suffer enough.