Based on hourly chart above, Prestariang formed a classic Volume Spread Analysis buy setup. 18 Line Change signal is spotted (as highlighted in red box) after accumulation stage with high volume. The increases in volume indicates smart money is locking up the weak-hand holders.
Notice there were no Sign of Weakness after the price break above the resistance...
I could see a decent support from 0.5 ~ 0.6 and as long as this levels are holding i'm staying with BULL for a moment.
Currently the trend is still on the down side, so this maybe a technical rebound at the moment.
On the upside from 0.99 ~ 1.0 will act as resistance level.
Trade safe.
