Same pattern detected as October 2020.
Price currently on weakening downtrend.
Current price at support 0.060 - 0.065 (Yellow), might worth to wait for second support at 0.050 (complete retracement).
CL if break second support 0.050 (Red).
R1: 0.110 (Blue)
R2: 0.125 (Purple)
R3: 0.190 (Green)
Idea for educational purposes only.
TAYOR
In my previous analysis, we are running profit almost 45% before the price move to the downside. Price previously touched supply zone and have a strong bearish momentum as for now. So, here's the update forecast movement for this counter. What I can see is the price currently making deep retracement to the downside as there's a lot of selling pressure today (dated...
Just retraced and crossed EMA 200.
Just break down trendline.
Weekly above Ichi cloud - still in up trend
Weekly oversold
Daily just entered red Ichi cloud, possible daily trend reversal.
Overall bias upside.
Price in compressing and we can see there is still a bullish momentum for this counter as it keeps making Higher High structure. Area to be monitor is around green zone area with a small risk just below the support line and demand zone. Cut loss if the price against the analysis.
Riding uptrend channel. Stochastic (H4) signals possible small pullback at 0.125 (50%) or 0.105 (61.8%) before climbing up higher. TP 0.17, 0.19, 0.24 (Fibo 1.272), with Support at 0.1 (RRR 1:1). Safer entry would be to wait after confirmed reversal after the pullback.
Speed: Fast with only 551M shares float (44% of 1246M shares)
Sentiment: Vaccine from Taiwan,...
