Not a pretty picture after market tried to recover late August; the market came close again to the latest low around 0.01600 but is again trying to recover.
Question is if bulls are able to follow up on the slightly higher low (two arrows). A confirmation is seen if a higher high is produced, i.e. a move above 0.027878. Only then a shift in momentum is seen.
Watch 0..2200 for first resistance, better chances to see try for a higher high above there.
Question is if bulls are able to follow up on the slightly higher low (two arrows). A confirmation is seen if a higher high is produced, i.e. a move above 0.027878. Only then a shift in momentum is seen.
Watch 0..2200 for first resistance, better chances to see try for a higher high above there.