On D1, 50 MA acts as support at 61.8% on fibonacci.
Price currently crossing under the 8 MA
little rejection cause of on Week chart, price touched the 18 MA. but on week chart, the current candle is under the 8 MA but rose up to the 18 MA and therefore little rejection. but on D1 and smaller time frames, theres no obstruction from any MA. so we should expect a buy once price breaks from the green highlighted zone, nut note this chart was analysed msotly on D1
Price currently crossing under the 8 MA
little rejection cause of on Week chart, price touched the 18 MA. but on week chart, the current candle is under the 8 MA but rose up to the 18 MA and therefore little rejection. but on D1 and smaller time frames, theres no obstruction from any MA. so we should expect a buy once price breaks from the green highlighted zone, nut note this chart was analysed msotly on D1
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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.