Building momentum for a move upward
Support around $0.12 shown to be strong before. retested the support, ready for a move upwards.
EMA 50 acting as a strong support. In my opinion this is a great entry point, other good entry points would be $0.1 and $0.08 but you might not get that chance.
Also the price has been decreasing while volume did not increase, which means bulls are standing by and price action could turn around any time now.
Good Luck!
EMA 50 acting as a strong support. In my opinion this is a great entry point, other good entry points would be $0.1 and $0.08 but you might not get that chance.
Also the price has been decreasing while volume did not increase, which means bulls are standing by and price action could turn around any time now.
Good Luck!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.