Breakout: ~$1.50
Resistance: ~$1.40
Support: ~$1.30
Trend reversal: ~$1.20
30 min candle for monthly range - Weak buying pressure therefore it did not break above resistance with strength instead it retested support.
Price action continued above the 50 MA was a great indication for bullish momentum to continue forward.
Personally, watching for an increase in volume to test the blue line other than just watching for positive news. Cheers!
Resistance: ~$1.40
Support: ~$1.30
Trend reversal: ~$1.20
30 min candle for monthly range - Weak buying pressure therefore it did not break above resistance with strength instead it retested support.
Price action continued above the 50 MA was a great indication for bullish momentum to continue forward.
Personally, watching for an increase in volume to test the blue line other than just watching for positive news. Cheers!
Commentaire:
Not financial advice