4 support & Resistance lines crosses at the exact same spot!
Hey guys,
I like to draw lines and study charts so I probably should put out this chart to give you guys some optimism in all this market madness :D
I have never seen something like this when 4 essential support & resistance lines cross eachother at the exact same spot, AND the price drop to this point and bounce back up at the same time.
Hopefully we can stay above all these lines and leave them behind us for a while so we can start to moove higher. Squeese & Momentum indicator signals a big moove in price is coming very soon. Waiting for some more confirmation before I buy into the market but this could be a really good opportunity in my eyes.
Previous ressistance often becomes support. Am I right?
I like to draw lines and study charts so I probably should put out this chart to give you guys some optimism in all this market madness :D
I have never seen something like this when 4 essential support & resistance lines cross eachother at the exact same spot, AND the price drop to this point and bounce back up at the same time.
Hopefully we can stay above all these lines and leave them behind us for a while so we can start to moove higher. Squeese & Momentum indicator signals a big moove in price is coming very soon. Waiting for some more confirmation before I buy into the market but this could be a really good opportunity in my eyes.
Previous ressistance often becomes support. Am I right?
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