Nice bounce off of the Black MA before and looking for the same again with a return to the green line. If held then a potential move to 0.0117 (Green box). If it fails to hold, next support at Blue 100 MA line. If broken we could see a drop to the bottom trend line around the 0.009 range (Red box). My thoughts
Comment:
So close to making contact at the Green line, may stick to this line whilst rallying support for a move to 0.0117. If the Green line and MA broken then a downwards movement is more likely. (redbox)
Comment:
Looks to be gaining some strength at these prices. Also getting some MA moving closely below acting as a floor.
I feel the possibility is more to the upside.
I feel the possibility is more to the upside.
