NFA, DYOR!
Price has broken the downsloping resistance trendline (dotted), retested, and bounced from it.
Price has also broken the 0.373, which was support at first, then resistance, and now bulls are trying to flip it as support again.
We have a potential new support trendline forming (dotted).
Price is above 200EMA on 4H timeframe.
RSI is overbought on 4H, but daily has a little more room to the upside.
No clear resistance above until the previous support, 0.417, and the downsloping trendline (black).
This can easily be a 7-10% move to the upside.
Stay safe.
Price has broken the downsloping resistance trendline (dotted), retested, and bounced from it.
Price has also broken the 0.373, which was support at first, then resistance, and now bulls are trying to flip it as support again.
We have a potential new support trendline forming (dotted).
Price is above 200EMA on 4H timeframe.
RSI is overbought on 4H, but daily has a little more room to the upside.
No clear resistance above until the previous support, 0.417, and the downsloping trendline (black).
This can easily be a 7-10% move to the upside.
Stay safe.