Short
BQXUSD @ very important level of .057!
BQXUSD is on the verge of breaking current ascending channel:
1. We're currently at a very important support level of .057 which was failed resistance in early March (before COVID drop)
2. We're still above 21 day EMA --> I can see a situation where we accumulate between EMA21 and .057 before going up again but still need to see how the price action behaves over next few days.
Either way- keep your eye close on this! I'm going to lean towards slightly bearish sentiment short term
1. We're currently at a very important support level of .057 which was failed resistance in early March (before COVID drop)
2. We're still above 21 day EMA --> I can see a situation where we accumulate between EMA21 and .057 before going up again but still need to see how the price action behaves over next few days.
Either way- keep your eye close on this! I'm going to lean towards slightly bearish sentiment short term
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.
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.