Compression of price within the short and medium-term trend lines. Price bounced from 200 MA & 50 EMA support and faced resistance of 9 & 21 EMA.
50 MA is about to cross down 9 & 21 EMA, and MACD is positive divergence.
Expect a sharp breakout, SL = $0.8, target = trendlines.
50 MA is about to cross down 9 & 21 EMA, and MACD is positive divergence.
Expect a sharp breakout, SL = $0.8, target = trendlines.
Trade active:
This trade is still in play.
Probably, close above $0.97 on daily basis may give a thrust to higher levels.
#Bullish
Probably, close above $0.97 on daily basis may give a thrust to higher levels.
#Bullish
Trade closed: stop reached:
Stop hit. Booked losses for now; will wait for a turnaround.