1. Major Support @ .42
2. Descending Price Channel
3. Level price channel between .52 and .42 for about 35 days.
4. 7/19/18 started a triangle and today (7/25/18) we see a smaller bullish triangle which we have just broke out of!
5. 7/30/18 marks the end of the larger triangle.
So, if the price doesn't breakout above .455 by the end of this month, we could see the price continue down the descending price channel.
2. Descending Price Channel
3. Level price channel between .52 and .42 for about 35 days.
4. 7/19/18 started a triangle and today (7/25/18) we see a smaller bullish triangle which we have just broke out of!
5. 7/30/18 marks the end of the larger triangle.
So, if the price doesn't breakout above .455 by the end of this month, we could see the price continue down the descending price channel.
Comment:
Price is bouncing off the bottom half of the triangle, another bullish signal that a breakout is still on schedule. Thought I'd get this update out there before the weekend.
Comment:
Sometimes.. I wish I wasn't right :(
Lets see if the Bulls will combat these Bears now
Lets see if the Bulls will combat these Bears now