0.4550 Is the low from april 1st (0.4541 to be exact) and below it some stops could be hiding. I.e, market may slide fast below but interesting to see (if broken) what happens after such an event; can market create value below this price or will market recover above again once stops are hit? Watch such action closely as rejecting sub 0.3450 prices can be a hint for exhaustion (especially if the RSI does the same with the 30 level).
Also this market is in the lower high/lower low mode so a move above the latest lower high (0.7050) is needed to improve the technical picture.
Should market break below 0.4550 and hold and close below, the low end of the bearchannel around 0.3500 is a target.
Also this market is in the lower high/lower low mode so a move above the latest lower high (0.7050) is needed to improve the technical picture.
Should market break below 0.4550 and hold and close below, the low end of the bearchannel around 0.3500 is a target.