FINEORG: 3 Technical Possibilities 👌Okay, This one was requested by @Saikumarvsk
The Chart should tell you everything you need to know. But here are some specific pointers:
- The price looks to be in a consolidation mood
- We have a support trendline at play
- The Support and resistance zones are clearly marked
- The Psy. levels, 5000 and 4000 are positioned near the support and resistance. They will add to the strength of respective zones.
- The price is trading below the 200EMA on daily TF
- The MACD shows a slowdown but no bearish crossover yet
- It is too early to predict future price action at this point but below are some technical possibilities.
- Before we go there, Would you give us a boost for motivation? The more you like our posts, the more we will post.
1. ascending triangle scenario
2. Sideways consolidation.
If the price takes this route, The breakdown of the support trendline may not have much impact on the momentum.
3. Breakout of either zone (support or resistance zone).
A break and close above or below the zone may trigger a good momentum.
What is your take on Fine Organic?
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