100EMA has been holding the price steady, so as long as we are below this 100EMA and bulls have no control over it, we should see further movement below this line. We are monetizing this coin and looking for any potential significant rejection to happen, which would lead the price to lower the target zone. Swallow Team
Has GBPUSD bottomed? Price action suggest that it has. Since GBPUSD dropped to $1.036, higher lows pattern have formed WITH contracting pattern (tightening). From that pattern I drew a trendline. Price broke the key moving averages confluenced with the trendline break. Currently price is retracing back to its mean 50/100/200 after testing several times the $1.163...
MACD is having bullish cross over and RSI is in oversold region re testing 100SMA on 4H chart. mid term target : fib extension 1 = 0.0190 long term target : fib extension 1.618 = 0.0230
It foam a Bullish Engulfing 100 Ema support Macd in a Bullish Zone