Hi Everyone! My first Post Ever!
An upwards trend has been respected since the bottom .47 cents.
Price has stayed above said trend reaching up to .60 couple days back.
As a retracement continuation a Falling Wedge was formed which now has been Breached.
Price is now consolidating between the 50 and 20 MAs. Only waiting for its instant push upwards to .60 in the coming days
What are your thoughts? let me know in the comments below!
Thanks for stopping by, Cheers!
An upwards trend has been respected since the bottom .47 cents.
Price has stayed above said trend reaching up to .60 couple days back.
As a retracement continuation a Falling Wedge was formed which now has been Breached.
Price is now consolidating between the 50 and 20 MAs. Only waiting for its instant push upwards to .60 in the coming days
What are your thoughts? let me know in the comments below!
Thanks for stopping by, Cheers!
Comment:
Bottom tolerance for the potential breakout is .535. Anything below that is a Complete new Down Trend with mission to test out .50s again before any other move to the upside.