The support of 0.65803 was a critical level and the break out move below that level seems to have fizzled out.
Now, the counter is finding traction to the upside.
A bullish trendline has formed in the 1-hour chart to aide the bulls as well.
The MACD indicator has also turned its head around to positivity.
Hence, we expect the counter to be bullish and move to the resistance level of 0.66828.
Now, the counter is finding traction to the upside.
A bullish trendline has formed in the 1-hour chart to aide the bulls as well.
The MACD indicator has also turned its head around to positivity.
Hence, we expect the counter to be bullish and move to the resistance level of 0.66828.
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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.