Filter 3 appeared at DTF. At lower TF M15,30, H1 and H2 also appeared. It indicates a strong breakout signal with price and volume confirming the upward momentum.
Today failed to break 0.37 (strong resistance referring to Gann Chart). If breaks 0.37, it more likely to create new higher high. Next resistance is 0.395 (52WH). TAYOR.
Gann Support: 0.37/0.34 | Resistance 0.40|0.43
Current price near the resistance. Target price after break the resistance is 0.43.
Tweezers bottom pattern form last week which indicates possibility of bullish trend.
Based on MACD analysis, buy before or on overlapping of the two lines.
Analysis based on my hope only. No need to trust this analysis.
The candlestick body indicates the price is in an uptrend pattern towards the next price resistance MA20 line.
The RSI index indicates a strong gain momentum towards the indexes 50.
MACD indicator indicates a divergence pattern hence confirming the price momentum towards the next price resistance.
Let's ECOFIRS in WL and watch out for significant price momentum...
MYX:ECOFIRS
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
2nd pattern consolidation in DTF we can see here.
the early pattern, flag pattern take 16 days before break and now 2nd pattern still in consolidation creating flag pattern.
To enter, wait price break and TP around 0.450
MYX:ECOFIRS
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
![ECOFIRS: ECOFIRS [6 November 2020] Buy On Resistant Zone Break Out](https://s3.tradingview.com/t/tB60x8pT_mid.png "ECOFIRS [6 November 2020] Buy On Resistant Zone Break Out")
![ECOFIRS: ECOFIRS [5 November 2020] Buy On Resistant Zone Break Out](https://s3.tradingview.com/h/HEq7bysU_mid.png "ECOFIRS [5 November 2020] Buy On Resistant Zone Break Out")
