Price action has been adhering to the uptrend channel for a while. Tested res @ 0.165 several times and a base forming on the 0.150 support with the 200 day EMA coming in.
Might look for a slight retrace and see whether this candle closes above the 10 day EMA. Has respected most of the uptrend with solid support & resistance points interacting with the 200 day...
Approaching trendline (orange) while just sitting above the 200ema with a bit of resistance around that area.
Last couple candles closed above all emas with wicks touching the down trendline. Price reaching an area of confluence with the trendlines and ema's interacting with that S/R line @1.970
wick touching 200 ema and TL, above the rest of the emas, ADX @ 25 with PDI above NDI, bit of confluence near price with emas, wick touching TL & through res
todays candle looks good above the emas and breaking through res. Not a lot of momentum on ADX but pdi upswing and mcd cross although above the histogram
price closed above 10 day ema + above all others. Past trendlines are acting as s/r levels and providing a tradable range. looks decent adx downslope making me question size of move but PDI cross is a positive
TL and res break. pivot point at 0.49 with a bit of support coming underneath. Could see a backtest of the TL but positive momentum on the DMI/ADX, hoping for bounce to next res levels.
price above emas, bit of res @0.225 and support @0.205. break the res and range within the TL's? Positive momentum on the DMI.
Wick above the res thinking it'll breakout
