Breaking resistance line coming from launch date on Binance. Good chance we will see a quick rise to 0.36, however, if it is completing the cup and handle then we should expect a retest downwards and MUST HOLD AS SUPPORT --- > This is drawn out as the long position path.
Short position:
We need to hold 0.32 support or else it will fail down to 0.28.
Volume:
Volume is indicated a dying trend for the bearish market, and now it slowly picked up volume as the price has been rising. This indicates a trend change, however, it is not a strong trend change. It is still a weak trend, it simple shifted from bear - > bull. Depending on the break, we will watch volume to see strong trend changes
RSI on 4 hr is still below 70 so we have a good set up,
Short position:
We need to hold 0.32 support or else it will fail down to 0.28.
Volume:
Volume is indicated a dying trend for the bearish market, and now it slowly picked up volume as the price has been rising. This indicates a trend change, however, it is not a strong trend change. It is still a weak trend, it simple shifted from bear - > bull. Depending on the break, we will watch volume to see strong trend changes
RSI on 4 hr is still below 70 so we have a good set up,
Commento:
Both targets hit on the bull path. Waiting for third leg up.