Green FIbonacci retracement from past recent lowest point on weekly chart
Yellow Fibonacci retracement from recent high and recent low on daily chart
White Fibonacci retracement from recent low and recent high on 1 & 4 hour chart
- MACD selling pressure cannot manage to continue for a while and creating a lower low instead since may 2019.
- EMA lines begin to converging with each other with a possible golden cross in near future..
- CMF is creeping upward into bullish territores..
- yellow line represent possible movement within ascending triangle, surely if the price could bouncing around 0.236 and 0.386 yellow fib for a long time could create a bullish flag if still bullish in near future.
right now it's testing 200 EMA line as a support in 4 hour.. if candle closes above 1900(50EMA in daily) is very bullish trends await.
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.
Yellow Fibonacci retracement from recent high and recent low on daily chart
White Fibonacci retracement from recent low and recent high on 1 & 4 hour chart
- MACD selling pressure cannot manage to continue for a while and creating a lower low instead since may 2019.
- EMA lines begin to converging with each other with a possible golden cross in near future..
- CMF is creeping upward into bullish territores..
- yellow line represent possible movement within ascending triangle, surely if the price could bouncing around 0.236 and 0.386 yellow fib for a long time could create a bullish flag if still bullish in near future.
right now it's testing 200 EMA line as a support in 4 hour.. if candle closes above 1900(50EMA in daily) is very bullish trends await.
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.
if it broke 20 EMA and 0.236 line..
next support would be around 50 EMA ( blue line and yellow line daily fib (0.236)