The market has tested this level of support around R1.10 - R1.20 over the past two years and has never broken through, consensus is that this will be a strong buy zone. Over the past three months, there has been a bullish convergence identified with the RSI making higher highs.
That was a hard sell off today but the bulls came in and drove the price right back up above 50 Fib level strong indication that we want this to go up higher
Anticipating support to be tested at 0.7752 to ride the uptrend We are in the second wave of the Impulse looking to go for the third RSI + Price has diverged
Price making Higher Highs but the Two Indicators are making lower highs We waiting for a bullish engulfing to hit support to confirm uptrend