Januari has just begon but it can end pretty damn fast aswell tho while you're trading.
Currently we are retracing from the ~11% pump we had which broke the downtrend, now we're trying to find some resistance at previous highs on the consoldiation area arround €0,043.
If we can hold I'm seeing us going to € 0,052422 which is the previous monthly High and would probably be arround the 100 Daily MA aswell. Good point to take profits in the small timeframe.
Retrace to our previous lows where we had the dump that followed up into the consolidation.
What'll be following up by a pump to IMO 7 Cents.
Par Sar looks currently good,
On weekly we have a Bullish engolving candle over the previous 2 weeks. So this is Bullish
Macd on the other hand on Daily timefrime is still below the histogram.
Bollinger bands tells us that we are above the 20 Daily MA and that it's moving to the upside.
Currently we are retracing from the ~11% pump we had which broke the downtrend, now we're trying to find some resistance at previous highs on the consoldiation area arround €0,043.
If we can hold I'm seeing us going to € 0,052422 which is the previous monthly High and would probably be arround the 100 Daily MA aswell. Good point to take profits in the small timeframe.
Retrace to our previous lows where we had the dump that followed up into the consolidation.
What'll be following up by a pump to IMO 7 Cents.
Par Sar looks currently good,
On weekly we have a Bullish engolving candle over the previous 2 weeks. So this is Bullish
Macd on the other hand on Daily timefrime is still below the histogram.
Bollinger bands tells us that we are above the 20 Daily MA and that it's moving to the upside.
